Nwam LLC Acquires New Shares in VanEck Gold Miners ETF (NYSEARCA:GDX)

Nwam LLC acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,159 shares of the exchange traded fund’s stock, valued at approximately $6,019,000.

Several other hedge funds have also recently bought and sold shares of the business. Beacon Capital Management LLC raised its position in shares of VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 500 shares during the period. LRI Investments LLC acquired a new position in VanEck Gold Miners ETF in the 1st quarter valued at $28,000. Cedar Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 339 shares during the period. Aptus Capital Advisors LLC raised its holdings in VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 329 shares during the period. Finally, Eagle Bay Advisors LLC lifted its position in VanEck Gold Miners ETF by 95.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 575 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $38.19 on Friday. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company has a 50-day moving average of $39.88 and a two-hundred day moving average of $37.48. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22.

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.