Parsons Capital Management Inc. RI Raises Stock Holdings in VanEck Gold Miners ETF $GDX

Parsons Capital Management Inc. RI boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 83,432 shares of the exchange traded fund’s stock after acquiring an additional 300 shares during the period. Parsons Capital Management Inc. RI’s holdings in VanEck Gold Miners ETF were worth $4,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. increased its stake in shares of VanEck Gold Miners ETF by 114,169.2% during the first quarter. NBC Securities Inc. now owns 14,855 shares of the exchange traded fund’s stock worth $682,000 after buying an additional 14,842 shares during the period. Merit Financial Group LLC increased its stake in shares of VanEck Gold Miners ETF by 73.2% during the first quarter. Merit Financial Group LLC now owns 10,358 shares of the exchange traded fund’s stock worth $476,000 after buying an additional 4,379 shares during the period. ST Germain D J Co. Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth approximately $110,000. HBW Advisory Services LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth approximately $474,000. Finally, RFG Advisory LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth approximately $360,000.

VanEck Gold Miners ETF Stock Up 1.0%

Shares of GDX opened at $77.13 on Thursday. The stock has a 50 day moving average price of $63.15 and a 200 day moving average price of $54.21. The company has a market capitalization of $22.58 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $77.96.

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.