Acas LLC Purchases Shares of 6,924 VanEck Gold Miners ETF (NYSEARCA:GDX)

Acas LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,924 shares of the exchange traded fund’s stock, valued at approximately $215,000.

Other institutional investors have also recently made changes to their positions in the company. Union Savings Bank bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $38,000. Register Financial Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 58.5% in the 4th quarter. Register Financial Advisors LLC now owns 1,697 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 626 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in shares of VanEck Gold Miners ETF by 34.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 2,010 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 511 shares in the last quarter. Oakworth Capital Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth $69,000. Finally, Armor Investment Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $84,000.

VanEck Gold Miners ETF Trading Up 2.8 %

Shares of NYSEARCA:GDX traded up $0.93 during midday trading on Thursday, reaching $34.05. The company had a trading volume of 14,594,745 shares, compared to its average volume of 25,813,180. The company’s 50 day moving average price is $30.35 and its 200 day moving average price is $29.56. The stock has a market cap of $14.23 billion, a P/E ratio of 28.20 and a beta of 0.81. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $36.26.

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.