Mission Wealth Management LP Purchases New Holdings in VanEck Gold Miners ETF $GDX

Mission Wealth Management LP purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,055 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other institutional investors also recently modified their holdings of GDX. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of VanEck Gold Miners ETF by 7,098.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock valued at $94,731,000 after purchasing an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after buying an additional 1,875,906 shares in the last quarter. National Bank of Canada FI increased its holdings in VanEck Gold Miners ETF by 8,656.1% in the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after buying an additional 1,360,475 shares during the period. CSM Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at $36,656,000. Finally, Teacher Retirement System of Texas raised its stake in shares of VanEck Gold Miners ETF by 99.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock valued at $67,990,000 after buying an additional 650,000 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $70.67 on Thursday. The company has a 50-day moving average of $72.41 and a 200-day moving average of $59.46. VanEck Gold Miners ETF has a 52 week low of $33.42 and a 52 week high of $85.08. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.