WT Wealth Management Purchases 6,954 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

WT Wealth Management grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 78.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,769 shares of the exchange traded fund’s stock after buying an additional 6,954 shares during the quarter. WT Wealth Management’s holdings in VanEck Gold Miners ETF were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its position in VanEck Gold Miners ETF by 649.7% during the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after buying an additional 14,046,913 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in VanEck Gold Miners ETF in the 1st quarter worth about $104,346,000. National Bank of Canada FI lifted its holdings in VanEck Gold Miners ETF by 89.0% during the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after purchasing an additional 1,842,885 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after purchasing an additional 1,673,315 shares in the last quarter. Finally, Blackstone Inc. bought a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $41,106,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock traded up $0.79 during mid-day trading on Tuesday, reaching $44.01. The company’s stock had a trading volume of 12,946,184 shares, compared to its average volume of 22,376,002. The firm’s fifty day moving average price is $39.36 and its two-hundred day moving average price is $36.63. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The company has a market capitalization of $17.59 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.