VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Purchased by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,331 shares of the exchange traded fund’s stock after buying an additional 3,017 shares during the quarter. VanEck Gold Miners ETF comprises about 1.8% of Pinnacle Wealth Management Group Inc.’s investment portfolio, making the stock its 18th biggest position. Pinnacle Wealth Management Group Inc.’s holdings in VanEck Gold Miners ETF were worth $2,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GDX. Quadrature Capital Ltd bought a new stake in VanEck Gold Miners ETF during the third quarter valued at $76,065,000. Carrhae Capital LLP acquired a new position in shares of VanEck Gold Miners ETF during the third quarter valued at $43,073,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $35,838,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of VanEck Gold Miners ETF by 70.5% during the 3rd 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 period. Finally, JPMorgan Chase & Co. raised its position in VanEck Gold Miners ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after acquiring an additional 294,034 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.6 %

GDX opened at $35.38 on Tuesday. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The business has a fifty day simple moving average of $36.43 and a 200-day simple moving average of $37.85. The firm has a market cap of $14.14 billion, a PE ratio of 28.03 and a beta of 0.85.

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.