Meitav Investment House Ltd. Boosts Stock Holdings in VanEck Gold Miners ETF $GDX

Meitav Investment House Ltd. grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 68.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,211,200 shares of the exchange traded fund’s stock after purchasing an additional 493,000 shares during the period. VanEck Gold Miners ETF makes up about 1.2% of Meitav Investment House Ltd.’s holdings, making the stock its 22nd biggest position. Meitav Investment House Ltd. owned about 0.39% of VanEck Gold Miners ETF worth $111,152,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Eukles Asset Management purchased a new position in VanEck Gold Miners ETF in the 4th quarter valued at approximately $27,000. Bayban purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $27,000. Princeton Global Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF in the first quarter worth $27,000. Evolution Wealth Management Inc. bought a new position in shares of VanEck Gold Miners ETF in the first quarter worth $33,000. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $36,000.

VanEck Gold Miners ETF Stock Down 3.3%

Shares of NYSEARCA:GDX traded down $2.59 during midday trading on Tuesday, reaching $76.15. 6,088,183 shares of the company traded hands, compared to its average volume of 25,976,723. VanEck Gold Miners ETF has a 12 month low of $50.35 and a 12 month high of $117.18. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The firm’s fifty day moving average price is $84.67 and its two-hundred day moving average price is $92.56.

About VanEck Gold Miners ETF

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.