Annex Advisory Services LLC Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Annex Advisory Services LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,633 shares of the exchange traded fund’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GDX. Beacon Capital Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 202.4% in the 2nd 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. Atwood & Palmer Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $27,000. LRI Investments LLC bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $28,000. Cedar Wealth Management LLC raised its holdings in shares of 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 valued at $30,000 after purchasing an additional 339 shares during the period. Finally, Eagle Bay Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 95.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 575 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $40.05 on Monday. The firm’s 50-day moving average is $38.65 and its 200-day moving average is $36.23. The stock has a market cap of $16.01 billion, a price-to-earnings 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 $41.95.

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.