Rule One Partners LLC Invests $3.56 Million in VanEck Gold Miners ETF (NYSEARCA:GDX)

Rule One Partners LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 105,001 shares of the exchange traded fund’s stock, valued at approximately $3,561,000. VanEck Gold Miners ETF comprises about 1.4% of Rule One Partners LLC’s portfolio, making the stock its 7th largest position.

A number of other hedge funds also recently bought and sold shares of GDX. Eastern Bank acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at $25,000. Aptus Capital Advisors LLC increased its stake in VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 329 shares during the period. ORG Wealth Partners LLC acquired a new position in VanEck Gold Miners ETF in the third quarter worth about $49,000. St. Johns Investment Management Company LLC bought a new position in VanEck Gold Miners ETF during the third quarter worth about $49,000. Finally, Laurel Wealth Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 2,586.2% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 4.0 %

Shares of GDX opened at $39.42 on Friday. The stock has a market cap of $15.76 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The stock has a 50 day simple moving average of $36.40 and a 200-day simple moving average of $37.97.

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.