VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Purchased by Freemont Management S.A.

Freemont Management S.A. increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,000 shares of the exchange traded fund’s stock after buying an additional 20,000 shares during the period. VanEck Gold Miners ETF comprises 2.7% of Freemont Management S.A.’s portfolio, making the stock its 8th largest holding. Freemont Management S.A.’s holdings in VanEck Gold Miners ETF were worth $5,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its position in shares of VanEck Gold Miners ETF by 202.4% during the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the period. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF in the 1st quarter valued at approximately $28,000. Cedar Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 63.4% during the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.5 %

VanEck Gold Miners ETF stock opened at $35.57 on Thursday. The firm has a market capitalization of $14.22 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The firm’s 50-day simple moving average is $39.92 and its 200 day simple moving average is $37.37.

About VanEck Gold Miners ETF

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.