Niemann Capital Management Inc. Makes New $14 Million Investment in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

Niemann Capital Management Inc. purchased a new position in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 524,299 shares of the exchange traded fund’s stock, valued at approximately $14,004,000. VanEck Vectors Gold Miners ETF accounts for approximately 10.2% of Niemann Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Niemann Capital Management Inc. owned about 0.13% of VanEck Vectors Gold Miners ETF as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in shares of VanEck Vectors Gold Miners ETF by 487.2% during the second quarter. Bessemer Group Inc. now owns 10,581,175 shares of the exchange traded fund’s stock valued at $270,455,000 after buying an additional 8,779,175 shares during the last quarter. Toronto Dominion Bank boosted its holdings in VanEck Vectors Gold Miners ETF by 1,801.4% during the second quarter. Toronto Dominion Bank now owns 8,500,000 shares of the exchange traded fund’s stock worth $217,203,000 after purchasing an additional 8,052,972 shares during the last quarter. Canada Pension Plan Investment Board raised its position in VanEck Vectors Gold Miners ETF by 33.8% in the second quarter. Canada Pension Plan Investment Board now owns 28,500,000 shares of the exchange traded fund’s stock worth $728,460,000 after acquiring an additional 7,200,000 shares during the period. Alberta Investment Management Corp raised its position in VanEck Vectors Gold Miners ETF by 275.0% in the third quarter. Alberta Investment Management Corp now owns 7,500,000 shares of the exchange traded fund’s stock worth $200,325,000 after acquiring an additional 5,500,000 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in VanEck Vectors Gold Miners ETF in the second quarter worth about $53,106,000.

GDX stock traded down $0.26 during mid-day trading on Friday, hitting $26.23. The company had a trading volume of 42,333,887 shares, compared to its average volume of 51,846,809. VanEck Vectors Gold Miners ETF has a 12 month low of $18.26 and a 12 month high of $30.96. The stock’s fifty day moving average price is $27.55 and its two-hundred day moving average price is $25.74.

VanEck Vectors 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.

See Also: Quick Ratio

Institutional Ownership by Quarter for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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