630,619 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Acquired by Simplex Trading LLC

Simplex Trading LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 630,619 shares of the exchange traded fund’s stock, valued at approximately $19,555,000.

Several other institutional investors have also made changes to their positions in GDX. Union Savings Bank bought a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Register Financial Advisors LLC raised its position 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 acquiring an additional 626 shares in the last quarter. VisionPoint Advisory Group LLC raised its position 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 acquiring an additional 511 shares in the last quarter. Oakworth Capital Inc. bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $69,000. Finally, Armor Investment Advisors LLC bought a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $84,000.

VanEck Gold Miners ETF Price Performance

GDX traded up $0.25 during midday trading on Friday, hitting $34.58. 21,749,635 shares of the company’s stock traded hands, compared to its average volume of 26,221,467. The company has a market cap of $14.46 billion, a PE ratio of 28.20 and a beta of 0.81. The stock’s fifty day simple moving average is $30.65 and its 200-day simple moving average is $29.64. VanEck Gold Miners ETF has a one year low of $25.62 and a one year 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.