Orion Porfolio Solutions LLC Raises Stock Position in VanEck Gold Miners ETF $GDX

Orion Porfolio Solutions LLC lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 255.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,881 shares of the exchange traded fund’s stock after acquiring an additional 32,251 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in VanEck Gold Miners ETF were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GDX. Rafferty Asset Management LLC raised its position in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the period. JPMorgan Chase & Co. grew its stake in shares of VanEck Gold Miners ETF by 766.7% in the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares in the last quarter. Slate Path Capital LP purchased a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $123,070,000. Teacher Retirement System of Texas lifted its position in VanEck Gold Miners ETF by 99.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after acquiring an additional 650,000 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in VanEck Gold Miners ETF by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,051,138 shares of the exchange traded fund’s stock worth $54,707,000 after acquiring an additional 48,546 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 2.5%

Shares of NYSEARCA:GDX opened at $87.79 on Friday. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $88.69. The company has a 50 day moving average of $77.99 and a two-hundred day moving average of $66.25. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.