659,000 Shares of VanEck Gold Miners ETF $GDX Purchased by MKP Capital Management L.L.C.

MKP Capital Management L.L.C. acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 659,000 shares of the exchange traded fund’s stock, valued at approximately $57,860,000. VanEck Gold Miners ETF accounts for approximately 1.7% of MKP Capital Management L.L.C.’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of Nova Scotia raised its position in VanEck Gold Miners ETF by 282.0% in the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after acquiring an additional 1,987,920 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at $84,873,000. Bank of America Corp DE boosted its position in shares of VanEck Gold Miners ETF by 11.5% during the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after purchasing an additional 858,716 shares in the last quarter. IMC Chicago LLC boosted its position in shares of VanEck Gold Miners ETF by 1,264.4% during the 1st quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after purchasing an additional 646,817 shares in the last quarter. Finally, New Harbor Financial Group LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth $51,432,000.

VanEck Gold Miners ETF Stock Down 5.4%

Shares of GDX opened at $86.49 on Wednesday. VanEck Gold Miners ETF has a 52-week low of $69.74 and a 52-week high of $117.18. The company has a 50-day simple moving average of $89.16 and a 200-day simple moving average of $90.19. The company has a market capitalization of $26.66 billion, a PE ratio of 21.70 and a beta of 0.70.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.