Glenorchy Capital Ltd Invests $3.35 Million in VanEck Gold Miners ETF (NYSEARCA:GDX)

Glenorchy Capital Ltd bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 107,908 shares of the exchange traded fund’s stock, valued at approximately $3,346,000. VanEck Gold Miners ETF accounts for approximately 1.3% of Glenorchy Capital Ltd’s portfolio, making the stock its 7th biggest holding.

A number of other institutional investors have also modified their holdings of GDX. Union Savings Bank purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Register Financial Advisors LLC increased its holdings in 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 period. VisionPoint Advisory Group LLC increased its holdings in VanEck Gold Miners ETF by 34.1% during the third quarter. VisionPoint Advisory Group LLC now owns 2,010 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 511 shares during the period. Oakworth Capital Inc. purchased a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $69,000. Finally, Armor Investment Advisors LLC purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $84,000.

VanEck Gold Miners ETF Stock Up 1.6 %

GDX stock traded up $0.52 during trading on Tuesday, hitting $33.05. 24,412,824 shares of the company’s stock traded hands, compared to its average volume of 26,125,445. The firm has a market capitalization of $13.82 billion, a P/E ratio of 28.20 and a beta of 0.81. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $36.26. The business has a fifty day simple moving average of $30.20 and a two-hundred day simple moving average of $29.53.

VanEck Gold Miners ETF 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.