Financially Speaking Inc Acquires New Shares in VanEck Gold Miners ETF $GDX

Financially Speaking Inc bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 61,600 shares of the exchange traded fund’s stock, valued at approximately $4,706,000. VanEck Gold Miners ETF accounts for about 3.1% of Financially Speaking Inc’s portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently made changes to their positions in GDX. Highline Wealth Partners LLC grew its position in shares of VanEck Gold Miners ETF by 45.0% in the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares in the last quarter. Chemistry Wealth Management LLC boosted its stake in VanEck Gold Miners ETF by 1.0% in the 3rd quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,063,000 after purchasing an additional 136 shares during the period. Sound Income Strategies LLC grew its holdings in VanEck Gold Miners ETF by 1.7% during the 3rd quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock valued at $767,000 after buying an additional 169 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of VanEck Gold Miners ETF by 7.0% during the third quarter. Golden State Wealth Management LLC now owns 2,583 shares of the exchange traded fund’s stock valued at $197,000 after buying an additional 169 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 0.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 20,932 shares of the exchange traded fund’s stock worth $1,599,000 after buying an additional 179 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 2.9%

GDX stock opened at $105.97 on Thursday. The firm has a 50 day moving average of $93.31 and a 200-day moving average of $77.96. The firm has a market capitalization of $32.34 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12 month low of $38.58 and a 12 month high of $113.50.

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.