Panview Capital Ltd Purchases New Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Panview Capital Ltd acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 838,300 shares of the exchange traded fund’s stock, valued at approximately $28,427,000. VanEck Gold Miners ETF comprises approximately 6.1% of Panview Capital Ltd’s investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after purchasing an additional 294,034 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $76,065,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after purchasing an additional 760,722 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of VanEck Gold Miners ETF by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after purchasing an additional 84,471 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $40.80 on Friday. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The firm has a market capitalization of $16.31 billion, a P/E ratio of 28.03 and a beta of 0.85. The stock has a 50 day moving average price of $37.54 and a 200 day moving average price of $38.41.

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.