IMC Chicago LLC Has $64.05 Million Stake in VanEck Gold Miners ETF $GDX

IMC Chicago LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,264.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 697,975 shares of the exchange traded fund’s stock after purchasing an additional 646,817 shares during the period. IMC Chicago LLC owned approximately 0.23% of VanEck Gold Miners ETF worth $64,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. acquired a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $31,236,000. Natixis grew its stake in shares of VanEck Gold Miners ETF by 196.1% during the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of VanEck Gold Miners ETF by 194.3% in the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after purchasing an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of VanEck Gold Miners ETF in the second quarter worth $846,000.

VanEck Gold Miners ETF Trading Down 1.2%

Shares of GDX opened at $74.00 on Thursday. The stock has a market capitalization of $22.59 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $50.44 and a 12 month high of $117.18. The firm has a fifty day simple moving average of $82.56 and a 200 day simple moving average of $91.88.

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.