Stevens Capital Management LP Buys 92,131 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Stevens Capital Management LP boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 576.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 108,100 shares of the exchange traded fund’s stock after acquiring an additional 92,131 shares during the period. VanEck Gold Miners ETF accounts for 0.8% of Stevens Capital Management LP’s portfolio, making the stock its 20th biggest position. Stevens Capital Management LP’s holdings in VanEck Gold Miners ETF were worth $3,352,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. City Holding Co. boosted its holdings in VanEck Gold Miners ETF by 0.9% in the fourth quarter. City Holding Co. now owns 42,395 shares of the exchange traded fund’s stock valued at $1,314,000 after acquiring an additional 384 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF by 2.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 17,319 shares of the exchange traded fund’s stock worth $537,000 after buying an additional 391 shares during the period. Kercheville Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 0.3% during the 4th quarter. Kercheville Advisors LLC now owns 150,910 shares of the exchange traded fund’s stock worth $4,680,000 after buying an additional 404 shares during the period. Geneos Wealth Management Inc. grew its position in shares of VanEck Gold Miners ETF by 0.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 84,153 shares of the exchange traded fund’s stock worth $2,610,000 after buying an additional 415 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of VanEck Gold Miners ETF by 1.4% in the 3rd quarter. D.A. Davidson & CO. now owns 31,415 shares of the exchange traded fund’s stock worth $845,000 after purchasing an additional 438 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.7 %

NYSEARCA:GDX traded up $0.25 during trading hours on Friday, hitting $34.58. 21,676,172 shares of the company traded hands, compared to its average volume of 26,221,467. The firm’s 50-day simple moving average is $30.50 and its 200-day simple moving average is $29.59. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $36.26. The company has a market cap of $14.46 billion, a PE ratio of 28.20 and a beta of 0.81.

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.