Mezzasalma Advisors LLC Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Mezzasalma Advisors LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,781 shares of the exchange traded fund’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GDX. Quadrature Capital Ltd bought a new position in VanEck Gold Miners ETF in the third quarter valued at about $76,065,000. Strategic Financial Concepts LLC boosted its stake in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares in the last quarter. Carrhae Capital LLP acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $43,073,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $35,838,000. Finally, Fiduciary Family Office LLC acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $25,807,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $40.86 on Friday. The company’s 50 day moving average price is $36.73 and its two-hundred day moving average price is $38.06. The firm has a market capitalization of $16.33 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22.

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.