VanEck Gold Miners ETF $GDX Shares Bought by Encompass More Asset Management

Encompass More Asset Management lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,416.3% in the third quarter, HoldingsChannel.com reports. The fund owned 49,584 shares of the exchange traded fund’s stock after acquiring an additional 46,314 shares during the period. Encompass More Asset Management’s holdings in VanEck Gold Miners ETF were worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Axiom Investment Management LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter worth about $934,000. PCG Wealth Advisors LLC raised its position in VanEck Gold Miners ETF by 74.4% in the second quarter. PCG Wealth Advisors LLC now owns 75,559 shares of the exchange traded fund’s stock worth $5,701,000 after acquiring an additional 32,230 shares during the period. Ameritas Advisory Services LLC raised its position in VanEck Gold Miners ETF by 315.7% in the second quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 14,585 shares during the period. Angeles Wealth Management LLC raised its position in VanEck Gold Miners ETF by 171.4% in the second quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock worth $717,000 after acquiring an additional 6,000 shares during the period. Finally, Trademark Financial Management LLC boosted its stake in VanEck Gold Miners ETF by 34.5% in the first quarter. Trademark Financial Management LLC now owns 28,133 shares of the exchange traded fund’s stock valued at $2,582,000 after acquiring an additional 7,214 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 0.8%

GDX opened at $87.71 on Friday. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a twelve month low of $68.13 and a twelve month high of $117.18. The company’s 50-day moving average price is $93.62 and its two-hundred day moving average price is $87.83.

VanEck Gold Miners ETF Profile

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.