Encompass More Asset Management Takes $1.83 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Encompass More Asset Management bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 46,028 shares of the exchange traded fund’s stock, valued at approximately $1,833,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 9.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after acquiring an additional 1,580 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of VanEck Gold Miners ETF by 2.7% during the second quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock valued at $583,000 after buying an additional 454 shares during the period. Diversified Trust Co bought a new position in shares of VanEck Gold Miners ETF in the second quarter worth approximately $258,000. &PARTNERS bought a new position in shares of VanEck Gold Miners ETF in the second quarter worth approximately $341,000. Finally, SG Americas Securities LLC increased its position in shares of VanEck Gold Miners ETF by 99.5% in the second quarter. SG Americas Securities LLC now owns 249,946 shares of the exchange traded fund’s stock worth $8,481,000 after purchasing an additional 124,639 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $37.66 on Friday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The firm’s 50 day simple moving average is $39.66 and its two-hundred day simple moving average is $37.59. The stock has a market capitalization of $15.05 billion, a P/E ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.