VanEck Gold Miners ETF $GDX Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 99.8% during the fourth quarter, Holdings Channel reports. The fund owned 55,749 shares of the exchange traded fund’s stock after purchasing an additional 27,844 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $4,782,000 as of its most recent SEC filing.

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

VanEck Gold Miners ETF Stock Performance

GDX opened at $77.72 on Friday. The company has a market capitalization of $23.95 billion, a P/E ratio of 21.70 and a beta of 0.60. The company has a 50-day moving average of $90.55 and a 200-day moving average of $92.88. VanEck Gold Miners ETF has a 1-year low of $50.32 and a 1-year high of $117.18.

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.