VanEck Gold Miners ETF $GDX Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,259 shares of the exchange traded fund’s stock after buying an additional 15,714 shares during the quarter. Cibc World Market Inc.’s holdings in VanEck Gold Miners ETF were worth $29,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rafferty Asset Management LLC grew its stake in VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after acquiring an additional 1,503,884 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares in the last quarter. Rit Capital Partners PLC grew its position in shares of VanEck Gold Miners ETF by 74.7% in the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of VanEck Gold Miners ETF by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after purchasing an additional 25,688 shares during the last quarter. Finally, Ion Asset Management Ltd. increased its stake in shares of VanEck Gold Miners ETF by 0.5% during the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock worth $50,965,000 after purchasing an additional 4,420 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $86.40 on Friday. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The company has a market capitalization of $26.62 billion, a P/E ratio of 21.70 and a beta of 0.60. The business has a 50 day moving average price of $91.46 and a 200 day moving average price of $92.79.

VanEck Gold Miners ETF Company 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.