Mainstay Capital Management LLC ADV Invests $1.42 Million in VanEck Gold Miners ETF $GDX

Mainstay Capital Management LLC ADV purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 18,598 shares of the exchange traded fund’s stock, valued at approximately $1,421,000.

Other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC raised its stake in VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 135 shares during the period. Chemistry Wealth Management LLC boosted its stake in VanEck Gold Miners ETF by 1.0% in the third quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock valued at $1,063,000 after acquiring an additional 136 shares during the period. Sound Income Strategies LLC grew its holdings in shares of VanEck Gold Miners ETF by 1.7% during the third quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock valued at $767,000 after purchasing an additional 169 shares during the last quarter. Golden State Wealth Management LLC grew its holdings 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 purchasing an additional 169 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of VanEck Gold Miners ETF by 2.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 7,191 shares of the exchange traded fund’s stock worth $549,000 after purchasing an additional 177 shares during the period.

VanEck Gold Miners ETF Trading Down 6.2%

Shares of NYSEARCA GDX opened at $88.11 on Thursday. The company has a market cap of $26.89 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $40.26 and a 12-month high of $117.18. The stock’s 50 day simple moving average is $101.84 and its 200 day simple moving average is $86.00.

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.