Shorepoint Capital Partners LLC Invests $1.19 Million in VanEck Gold Miners ETF $GDX

Shorepoint Capital Partners LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,565 shares of the exchange traded fund’s stock, valued at approximately $1,189,000.

A number of other institutional investors have also recently bought and sold shares of GDX. Cascade Financial Partners LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at approximately $269,000. Sumitomo Mitsui Financial Group Inc. raised its stake in VanEck Gold Miners ETF by 3.8% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 18,816 shares of the exchange traded fund’s stock valued at $865,000 after purchasing an additional 695 shares during the period. Crabel Capital Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $2,680,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of VanEck Gold Miners ETF by 7,098.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after buying an additional 2,051,490 shares during the period. Finally, New Harbor Financial Group LLC grew its holdings in shares of VanEck Gold Miners ETF by 51.9% during the first quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock valued at $53,132,000 after buying an additional 394,744 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 0.9%

NYSEARCA:GDX opened at $84.85 on Tuesday. The business’s fifty day moving average price is $77.26 and its 200 day moving average price is $65.49. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $88.50.

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.