Price Capital Management Inc. Invests $2.54 Million in VanEck Gold Miners ETF $GDX

Price Capital Management Inc. bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, HoldingsChannel reports. The fund bought 33,240 shares of the exchange traded fund’s stock, valued at approximately $2,540,000. VanEck Gold Miners ETF accounts for approximately 3.0% of Price Capital Management Inc.’s portfolio, making the stock its 8th biggest position.

Several other large investors have also recently bought and sold shares of GDX. New Republic Capital LLC purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter worth about $29,000. Highline Wealth Partners LLC increased its holdings in shares of VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 135 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of VanEck Gold Miners ETF by 162.5% during the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 325 shares in the last quarter. Creekmur Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 147.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 362 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in VanEck Gold Miners ETF during the third quarter worth approximately $50,000.

VanEck Gold Miners ETF Stock Up 1.9%

Shares of GDX opened at $106.26 on Monday. The company has a market capitalization of $32.43 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 52-week low of $38.58 and a 52-week high of $113.50. The stock has a 50 day moving average price of $96.12 and a 200 day moving average price of $80.54.

About VanEck Gold Miners ETF

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.