VanEck Gold Miners ETF (NYSEARCA:GDX) Position Boosted by Vanderbilt University

Vanderbilt University lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,098,305 shares of the exchange traded fund’s stock after purchasing an additional 12,675 shares during the quarter. VanEck Gold Miners ETF accounts for 7.3% of Vanderbilt University’s portfolio, making the stock its 5th largest position. Vanderbilt University owned about 0.27% of VanEck Gold Miners ETF worth $37,244,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Park Avenue Securities LLC lifted its position in VanEck Gold Miners ETF by 8.5% in the 3rd quarter. Park Avenue Securities LLC now owns 16,510 shares of the exchange traded fund’s stock worth $657,000 after buying an additional 1,294 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of VanEck Gold Miners ETF in the third quarter worth $332,000. City Holding Co. raised its holdings in shares of VanEck Gold Miners ETF by 33.7% during the third quarter. City Holding Co. now owns 58,300 shares of the exchange traded fund’s stock worth $2,321,000 after acquiring an additional 14,700 shares in the last quarter. Pathway Financial Advisors LLC acquired a new stake in VanEck Gold Miners ETF during the third quarter valued at $219,000. Finally, CWM LLC grew its stake in VanEck Gold Miners ETF by 55.8% in the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 6,694 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $41.04 on Thursday. The firm has a market cap of $16.41 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The stock’s 50-day moving average is $36.59 and its two-hundred day moving average is $38.01.

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.