Castleark Management LLC Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Castleark Management LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 198,580 shares of the exchange traded fund’s stock, valued at approximately $7,907,000.

Other large investors have also made changes to their positions in the company. EP Wealth Advisors LLC lifted its stake in VanEck Gold Miners ETF by 7.3% in the third quarter. EP Wealth Advisors LLC now owns 65,089 shares of the exchange traded fund’s stock valued at $2,592,000 after acquiring an additional 4,435 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of VanEck Gold Miners ETF by 96.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 26,726 shares of the exchange traded fund’s stock valued at $1,064,000 after purchasing an additional 13,136 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in VanEck Gold Miners ETF in the third quarter worth $1,005,000. Stansberry Asset Management LLC raised its holdings in VanEck Gold Miners ETF by 16.3% during the third quarter. Stansberry Asset Management LLC now owns 10,319 shares of the exchange traded fund’s stock valued at $411,000 after buying an additional 1,446 shares in the last quarter. Finally, Stevens Capital Management LP lifted its position in shares of VanEck Gold Miners ETF by 419.3% in the third quarter. Stevens Capital Management LP now owns 101,719 shares of the exchange traded fund’s stock worth $4,050,000 after buying an additional 82,133 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $36.82 on Friday. The stock’s 50 day simple moving average is $39.24 and its 200 day simple moving average is $37.64. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.