IMC Chicago LLC Buys 646,817 Shares of VanEck Gold Miners ETF $GDX

IMC Chicago LLC boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,264.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 697,975 shares of the exchange traded fund’s stock after buying an additional 646,817 shares during the quarter. IMC Chicago LLC’s holdings in VanEck Gold Miners ETF were worth $64,053,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in shares of VanEck Gold Miners ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock valued at $1,104,421,000 after buying an additional 90,514 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in VanEck Gold Miners ETF by 8.2% during the fourth quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock worth $604,987,000 after buying an additional 534,856 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth $218,971,000. M&T Bank Corp raised its position in VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after acquiring an additional 1,998,748 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its position in VanEck Gold Miners ETF by 68.6% during the first quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after acquiring an additional 493,000 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $74.00 on Thursday. The company has a market cap of $22.59 billion, a PE ratio of 21.70 and a beta of 0.65. The firm has a 50-day moving average of $82.56 and a 200-day moving average of $91.88. VanEck Gold Miners ETF has a one year low of $50.44 and a one year high of $117.18.

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.