Mizuho Markets Cayman LP Makes New Investment in VanEck Gold Miners ETF $GDX

Mizuho Markets Cayman LP acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,642 shares of the exchange traded fund’s stock, valued at approximately $2,628,000.

A number of other institutional investors have also modified their holdings of GDX. Redhawk Wealth Advisors Inc. increased its position in shares of 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 worth $8,063,000 after acquiring an additional 87,880 shares in the last quarter. Rit Capital Partners PLC lifted its holdings in shares of VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after acquiring an additional 512,000 shares in the last quarter. Cushing Capital Partners LLC lifted its holdings in shares of VanEck Gold Miners ETF by 45.8% during the 4th quarter. Cushing Capital Partners LLC now owns 24,867 shares of the exchange traded fund’s stock valued at $2,133,000 after acquiring an additional 7,809 shares in the last quarter. MFA Wealth Services purchased a new stake in VanEck Gold Miners ETF during the 4th quarter worth $510,000. Finally, Banque Pictet & Cie SA boosted its position in VanEck Gold Miners ETF by 13.9% during the 4th quarter. Banque Pictet & Cie SA now owns 83,500 shares of the exchange traded fund’s stock worth $7,162,000 after purchasing an additional 10,200 shares during the period.

VanEck Gold Miners ETF Trading Up 3.4%

Shares of NYSEARCA GDX opened at $76.68 on Thursday. VanEck Gold Miners ETF has a 12-month low of $51.37 and a 12-month high of $117.18. The company has a market cap of $23.42 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock has a fifty day moving average price of $80.30 and a 200 day moving average price of $91.38.

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.