Drum Hill Capital LLC Takes $1.97 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Drum Hill Capital LLC purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 58,226 shares of the exchange traded fund’s stock, valued at approximately $1,974,000. VanEck Gold Miners ETF makes up 2.5% of Drum Hill Capital LLC’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDX. JPMorgan Chase & Co. boosted its position in shares of VanEck Gold Miners ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares during the period. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF during the 3rd quarter valued at about $76,065,000. Caisse DE Depot ET Placement DU Quebec grew its stake in VanEck Gold Miners ETF by 70.5% during 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 acquiring an additional 760,722 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings 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 period. Finally, Stifel Financial Corp lifted its position in shares of VanEck Gold Miners ETF by 6.9% in the third quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock worth $51,783,000 after purchasing an additional 84,471 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $40.80 on Friday. The company has a market capitalization of $16.31 billion, a PE ratio of 28.03 and a beta of 0.85. The company’s 50 day moving average price is $37.54 and its 200 day moving average price is $38.39. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22.

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.