NewEdge Wealth LLC Acquires 34,003 Shares of VanEck Gold Miners ETF $GDX

NewEdge Wealth LLC grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 64.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,856 shares of the exchange traded fund’s stock after acquiring an additional 34,003 shares during the period. NewEdge Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $6,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kraematon Investment Advisors Inc. raised its holdings in VanEck Gold Miners ETF by 10.6% during the third quarter. Kraematon Investment Advisors Inc. now owns 26,397 shares of the exchange traded fund’s stock worth $2,017,000 after acquiring an additional 2,528 shares in the last quarter. Signet Financial Management LLC acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $256,000. Essex Financial Services Inc. raised its stake in shares of VanEck Gold Miners ETF by 46.0% during the 3rd quarter. Essex Financial Services Inc. now owns 12,393 shares of the exchange traded fund’s stock worth $947,000 after purchasing an additional 3,902 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of VanEck Gold Miners ETF by 3.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 84,872 shares of the exchange traded fund’s stock worth $6,484,000 after purchasing an additional 2,950 shares in the last quarter. Finally, Ingalls & Snyder LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth $284,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $104.24 on Friday. The company has a fifty day moving average price of $95.71 and a two-hundred day moving average price of $79.86. VanEck Gold Miners ETF has a one year low of $38.58 and a one year high of $113.50. The stock has a market cap of $31.81 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.