Mint Tower Capital Management B.V. Takes $424,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Mint Tower Capital Management B.V. acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,500 shares of the exchange traded fund’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its holdings in shares of VanEck Gold Miners ETF by 2.2% during the 3rd quarter. Pathstone Holdings LLC now owns 40,563 shares of the exchange traded fund’s stock valued at $1,615,000 after acquiring an additional 889 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in VanEck Gold Miners ETF by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 41,848 shares of the exchange traded fund’s stock valued at $1,666,000 after purchasing an additional 1,235 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in VanEck Gold Miners ETF in the third quarter worth approximately $225,000. Cerity Partners LLC grew its position in VanEck Gold Miners ETF by 51.4% in the 3rd quarter. Cerity Partners LLC now owns 67,626 shares of the exchange traded fund’s stock worth $2,693,000 after purchasing an additional 22,973 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in VanEck Gold Miners ETF by 179.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 24,200 shares of the exchange traded fund’s stock valued at $964,000 after buying an additional 15,545 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $44.67 on Thursday. VanEck Gold Miners ETF has a 1 year low of $30.02 and a 1 year high of $45.65. The company has a market cap of $14.81 billion, a P/E ratio of 20.34 and a beta of 0.95. The stock’s fifty day moving average price is $40.93 and its 200-day moving average price is $39.15.

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.