Greenland Capital Management LP Invests $782,000 in VanEck Gold Miners ETF $GDX

Greenland Capital Management LP acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,025 shares of the exchange traded fund’s stock, valued at approximately $782,000.

Several other hedge funds also recently bought and sold shares of GDX. Bank of New York Mellon Corp grew its position in shares of VanEck Gold Miners ETF by 18.8% during the first quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 1,741 shares in the last quarter. Allianz Asset Management GmbH bought a new position in VanEck Gold Miners ETF in the 1st quarter worth approximately $9,566,000. Efficient Advisors LLC purchased a new stake in VanEck Gold Miners ETF during the 1st quarter valued at approximately $459,000. Advisors Preferred LLC purchased a new stake in VanEck Gold Miners ETF during the 1st quarter valued at approximately $592,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth $44,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $76.39 on Thursday. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The firm has a fifty day moving average price of $74.50 and a 200 day moving average price of $61.32. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $85.08.

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.