Robertson Stephens Wealth Management LLC Raises Stock Holdings in VanEck Gold Miners ETF $GDX

Robertson Stephens Wealth Management LLC raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 468.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,499 shares of the exchange traded fund’s stock after purchasing an additional 37,494 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $3,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. AQR Capital Management LLC raised its stake in shares of VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter worth approximately $31,236,000. Natixis raised its stake in shares of VanEck Gold Miners ETF by 196.1% during the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of VanEck Gold Miners ETF by 194.3% during the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after purchasing an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter worth approximately $846,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $87.11 on Friday. The stock has a market capitalization of $26.84 billion, a PE ratio of 21.70 and a beta of 0.61. The company has a fifty day moving average of $96.60 and a 200-day moving average of $90.36. VanEck Gold Miners ETF has a one year low of $45.10 and a one year high of $117.18.

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.