ORG Partners LLC Takes $760,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

ORG Partners LLC acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,425 shares of the exchange traded fund’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $1,044,000. Valeo Financial Advisors LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $236,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of VanEck Gold Miners ETF by 8.2% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 25,913 shares of the exchange traded fund’s stock valued at $804,000 after acquiring an additional 1,969 shares during the period. London & Capital Asset Management Ltd raised its holdings in shares of VanEck Gold Miners ETF by 4.8% in the fourth quarter. London & Capital Asset Management Ltd now owns 140,326 shares of the exchange traded fund’s stock valued at $4,352,000 after buying an additional 6,384 shares during the last quarter. Finally, First American Trust FSB bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $249,000.

VanEck Gold Miners ETF Trading Down 0.7 %

Shares of GDX stock traded down $0.27 on Thursday, reaching $36.84. The company had a trading volume of 6,392,054 shares, compared to its average volume of 23,255,629. The stock has a market cap of $14.73 billion, a PE ratio of 28.03 and a beta of 0.85. The company has a 50-day moving average of $35.74 and a 200-day moving average of $32.95. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $39.41.

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.