Meitav Investment House Ltd. Purchases 493,000 Shares of VanEck Gold Miners ETF $GDX

Meitav Investment House Ltd. grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 68.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,211,200 shares of the exchange traded fund’s stock after purchasing an additional 493,000 shares during the period. VanEck Gold Miners ETF makes up 1.2% of Meitav Investment House Ltd.’s portfolio, making the stock its 22nd biggest holding. Meitav Investment House Ltd.’s holdings in VanEck Gold Miners ETF were worth $111,152,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. raised its stake in VanEck Gold Miners ETF by 1,433.6% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock valued at $8,063,000 after purchasing an additional 87,880 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $848,000. Mainstay Capital Management LLC ADV purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $1,421,000. Sanders Morris Harris LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $867,000. Finally, Rit Capital Partners PLC grew its position in VanEck Gold Miners ETF by 74.7% in the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after acquiring an additional 512,000 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX traded down $2.59 during trading on Tuesday, reaching $76.15. The stock had a trading volume of 6,088,183 shares, compared to its average volume of 25,976,723. The stock has a market cap of $23.00 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a one year low of $50.35 and a one year high of $117.18. The business has a 50-day moving average of $84.67 and a 200-day moving average of $92.56.

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.