Payne Capital LLC Makes New Investment in VanEck Gold Miners ETF $GDX

Payne Capital LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, HoldingsChannel.com reports. The fund acquired 19,495 shares of the exchange traded fund’s stock, valued at approximately $1,489,000. VanEck Gold Miners ETF comprises 1.5% of Payne Capital LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of GDX. New Republic Capital LLC purchased a new position in VanEck Gold Miners ETF during the third quarter valued at $29,000. Creekmur Asset Management LLC increased its position in VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 362 shares in the last quarter. Highline Wealth Partners LLC increased its position in 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 worth $33,000 after buying an additional 135 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF in the second quarter worth about $34,000. Finally, First Command Advisory Services Inc. bought a new position in shares of VanEck Gold Miners ETF in the second quarter worth about $35,000.

VanEck Gold Miners ETF Trading Up 4.3%

VanEck Gold Miners ETF stock opened at $98.22 on Wednesday. VanEck Gold Miners ETF has a 12-month low of $38.58 and a 12-month high of $113.50. The firm has a market capitalization of $29.59 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The firm has a 50 day moving average of $91.14 and a 200 day moving average of $76.17.

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.