Rule One Partners LLC Purchases New Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Rule One Partners LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 105,001 shares of the exchange traded fund’s stock, valued at approximately $3,561,000. VanEck Gold Miners ETF makes up approximately 1.4% of Rule One Partners LLC’s investment portfolio, making the stock its 7th largest holding.

Several other large investors also recently added to or reduced their stakes in GDX. JPMorgan Chase & Co. grew its position in VanEck Gold Miners ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after purchasing an additional 294,034 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $76,065,000. Caisse DE Depot ET Placement DU Quebec boosted its position in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after purchasing an additional 760,722 shares during the last quarter. Stifel Financial Corp increased its position in VanEck Gold Miners ETF by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock worth $51,783,000 after purchasing an additional 84,471 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $43,073,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $39.42 on Friday. The stock has a 50-day simple moving average of $36.40 and a 200-day simple moving average of $37.97. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

About VanEck Gold Miners ETF

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.