Gilpin Wealth Management LLC Invests $708,000 in VanEck Gold Miners ETF $GDX

Gilpin Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,260 shares of the exchange traded fund’s stock, valued at approximately $708,000.

Several other large investors have also modified their holdings of the stock. AQR Capital Management LLC grew its holdings in VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after acquiring an additional 12,408 shares during the period. Invesco Ltd. acquired a new position in VanEck Gold Miners ETF during the second quarter worth $31,236,000. Natixis grew its holdings in VanEck Gold Miners ETF by 196.1% during the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares during the period. Qube Research & Technologies Ltd grew its holdings in VanEck Gold Miners ETF by 194.3% during the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in VanEck Gold Miners ETF during the second quarter worth $846,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $73.81 on Thursday. The business’s fifty day moving average price is $90.83 and its 200 day moving average price is $92.86. VanEck Gold Miners ETF has a 1-year low of $50.32 and a 1-year high of $117.18. The firm has a market capitalization of $22.74 billion, a PE ratio of 21.70 and a beta of 0.60.

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.