Sapient Capital LLC Acquires 35,042 Shares of VanEck Gold Miners ETF $GDX

Sapient Capital LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 308.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,393 shares of the exchange traded fund’s stock after acquiring an additional 35,042 shares during the period. Sapient Capital LLC’s holdings in VanEck Gold Miners ETF were worth $3,513,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC lifted its position in shares of VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 135 shares during the period. Hoey Investments Inc. increased its position in shares of VanEck Gold Miners ETF by 71.0% during the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 213 shares during the period. Creekmur Asset Management LLC raised its stake in VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 362 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF in the second quarter worth about $34,000. Finally, First Command Advisory Services Inc. purchased a new stake in VanEck Gold Miners ETF in the second quarter worth about $35,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $91.29 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $91.67. The stock’s 50 day simple moving average is $78.97 and its two-hundred day simple moving average is $67.67. The stock has a market cap of $27.41 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.