VanEck Gold Miners ETF $GDX Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 56,770 shares of the exchange traded fund’s stock after purchasing an additional 10,813 shares during the period. Magnus Financial Group LLC’s holdings in VanEck Gold Miners ETF were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Axxcess Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 12.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 48,308 shares of the exchange traded fund’s stock worth $4,241,000 after acquiring an additional 5,308 shares during the period. Canoe Financial LP bought a new stake in VanEck Gold Miners ETF during the third quarter valued at about $4,647,000. Guardian Partners Inc. boosted its holdings in VanEck Gold Miners ETF by 25.7% during the third quarter. Guardian Partners Inc. now owns 2,200 shares of the exchange traded fund’s stock valued at $193,000 after acquiring an additional 450 shares during the period. Sowell Financial Services LLC boosted its holdings in VanEck Gold Miners ETF by 1.1% during the third quarter. Sowell Financial Services LLC now owns 25,682 shares of the exchange traded fund’s stock valued at $2,255,000 after acquiring an additional 291 shares during the period. Finally, Integrated Advisors Network LLC grew its position in shares of VanEck Gold Miners ETF by 3.5% in the third quarter. Integrated Advisors Network LLC now owns 35,841 shares of the exchange traded fund’s stock valued at $3,147,000 after purchasing an additional 1,199 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $86.72 on Thursday. The business’s 50-day simple moving average is $93.38 and its 200-day simple moving average is $87.68. The firm has a market capitalization of $26.38 billion, a PE ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 52 week low of $68.13 and a 52 week high of $117.18.

VanEck Gold Miners ETF Company 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.