Polymer Capital Management HK LTD Acquires 22,032 Shares of VanEck Gold Miners ETF $GDX

Polymer Capital Management HK LTD boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 28.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,479 shares of the exchange traded fund’s stock after acquiring an additional 22,032 shares during the quarter. VanEck Gold Miners ETF accounts for about 1.2% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 21st largest position. Polymer Capital Management HK LTD’s holdings in VanEck Gold Miners ETF were worth $8,532,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Eukles Asset Management bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $27,000. Morton Brown Family Wealth LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $36,000. Family Management Corp bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $38,000. Hantz Financial Services Inc. increased its position in shares of VanEck Gold Miners ETF by 298.2% during the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 337 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $51,000.

VanEck Gold Miners ETF Trading Up 3.0%

Shares of VanEck Gold Miners ETF stock opened at $80.03 on Friday. The firm has a market capitalization of $24.66 billion, a PE ratio of 21.70 and a beta of 0.60. The business’s 50-day moving average price is $90.23 and its 200-day moving average price is $92.79. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.