211,103 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDXGet Rating) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 211,103 shares of the exchange traded fund’s stock, valued at approximately $6,762,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Morgan Stanley increased its position in VanEck Gold Miners ETF by 3.0% in the 3rd quarter. Morgan Stanley now owns 10,949,644 shares of the exchange traded fund’s stock valued at $322,686,000 after acquiring an additional 318,835 shares during the period. Slate Path Capital LP acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at approximately $174,757,000. MD Financial Management Inc. increased its position in VanEck Gold Miners ETF by 20.8% in the 3rd quarter. MD Financial Management Inc. now owns 2,835,611 shares of the exchange traded fund’s stock valued at $83,565,000 after acquiring an additional 488,926 shares during the period. Annex Advisory Services LLC increased its position in VanEck Gold Miners ETF by 3.6% in the 4th quarter. Annex Advisory Services LLC now owns 1,549,513 shares of the exchange traded fund’s stock valued at $49,631,000 after acquiring an additional 53,372 shares during the period. Finally, Brevan Howard Capital Management LP increased its position in VanEck Gold Miners ETF by 25.0% in the 3rd quarter. Brevan Howard Capital Management LP now owns 1,000,000 shares of the exchange traded fund’s stock valued at $29,470,000 after acquiring an additional 200,000 shares during the period.

NYSEARCA GDX traded up $0.24 on Monday, hitting $41.10. The company’s stock had a trading volume of 824,795 shares, compared to its average volume of 25,935,248. VanEck Gold Miners ETF has a 1-year low of $28.83 and a 1-year high of $41.49. The company’s 50-day moving average is $36.82 and its 200 day moving average is $33.46.

VanEck Gold Miners ETF Company Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDXGet Rating).

Institutional Ownership by Quarter for VanEck Gold Miners ETF (NYSEARCA:GDX)

Receive News & Ratings for VanEck Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.