150,000 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Acquired by Yong Rong HK Asset Management Ltd

Yong Rong HK Asset Management Ltd acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 150,000 shares of the exchange traded fund’s stock, valued at approximately $4,652,000. VanEck Gold Miners ETF makes up about 1.7% of Yong Rong HK Asset Management Ltd’s holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth about $26,000. Union Savings Bank purchased a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Register Financial Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 58.5% during the fourth quarter. Register Financial Advisors LLC now owns 1,697 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 626 shares during the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of VanEck Gold Miners ETF by 34.1% in the third quarter. VisionPoint Advisory Group LLC now owns 2,010 shares of the exchange traded fund’s stock worth $54,000 after buying an additional 511 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $69,000.

VanEck Gold Miners ETF Stock Up 2.6 %

GDX traded up $0.87 during trading hours on Wednesday, reaching $34.00. 18,093,964 shares of the company’s stock traded hands, compared to its average volume of 26,186,412. The firm has a 50-day moving average price of $30.93 and a 200 day moving average price of $29.74. The firm has a market capitalization of $14.21 billion, a PE ratio of 28.20 and a beta of 0.81. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $36.26.

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.