Sprott Inc. Purchases 65,286 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Sprott Inc. increased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 577.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,594 shares of the exchange traded fund’s stock after buying an additional 65,286 shares during the period. Sprott Inc.’s holdings in VanEck Gold Miners ETF were worth $2,597,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF in the 3rd quarter worth approximately $76,065,000. Strategic Financial Concepts LLC grew its position in VanEck Gold Miners ETF by 3,704.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after acquiring an additional 1,771,440 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in VanEck Gold Miners ETF in the third quarter valued at $35,838,000. Panview Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the fourth quarter valued at about $28,427,000. Finally, Fiduciary Family Office LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $25,807,000.

VanEck Gold Miners ETF Trading Down 1.4 %

GDX opened at $40.38 on Wednesday. The stock has a market capitalization of $13.58 billion, a P/E ratio of 22.76 and a beta of 0.96. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The stock has a 50-day moving average price of $37.71 and a 200-day moving average price of $38.51.

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.