Cadent Capital Advisors LLC Acquires New Stake in VanEck Gold Miners ETF $GDX

Cadent Capital Advisors LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,192 shares of the exchange traded fund’s stock, valued at approximately $1,246,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Avalon Trust Co bought a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth $26,000. Bayban bought a new position in VanEck Gold Miners ETF in the fourth quarter valued at $27,000. Princeton Global Asset Management LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter valued at about $27,000. Hickory Point Bank & Trust bought a new stake in VanEck Gold Miners ETF during the third quarter worth about $30,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth about $33,000.

VanEck Gold Miners ETF Stock Up 2.8%

Shares of VanEck Gold Miners ETF stock traded up $2.42 during trading on Friday, hitting $89.14. 6,605,079 shares of the stock traded hands, compared to its average volume of 24,445,814. The stock has a market cap of $26.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. The firm’s fifty day moving average is $92.87 and its 200-day moving average is $87.73. VanEck Gold Miners ETF has a 52 week low of $68.13 and a 52 week high of $117.18.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.