DRW Securities LLC Invests $817,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

DRW Securities LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 20,510 shares of the exchange traded fund’s stock, valued at approximately $817,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pekin Hardy Strauss Inc. boosted its position in shares of VanEck Gold Miners ETF by 0.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 243,661 shares of the exchange traded fund’s stock worth $9,703,000 after buying an additional 735 shares during the period. WESPAC Advisors LLC purchased a new position in VanEck Gold Miners ETF in the third quarter valued at $485,000. Kingsview Wealth Management LLC boosted its holdings in VanEck Gold Miners ETF by 179.6% in the third quarter. Kingsview Wealth Management LLC now owns 24,200 shares of the exchange traded fund’s stock valued at $964,000 after purchasing an additional 15,545 shares during the period. Cerity Partners LLC boosted its holdings in VanEck Gold Miners ETF by 51.4% in the third quarter. Cerity Partners LLC now owns 67,626 shares of the exchange traded fund’s stock valued at $2,693,000 after purchasing an additional 22,973 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new position in VanEck Gold Miners ETF in the third quarter valued at $225,000.

VanEck Gold Miners ETF Trading Down 3.0 %

NYSEARCA:GDX opened at $37.14 on Tuesday. The firm has a market cap of $14.84 billion, a PE ratio of 28.03 and a beta of 0.85. The stock has a fifty day moving average price of $39.79 and a 200 day moving average price of $37.57. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month 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.