Parsons Capital Management Inc. RI Increases Holdings in VanEck Gold Miners ETF $GDX

Parsons Capital Management Inc. RI grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 66.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,898 shares of the exchange traded fund’s stock after buying an additional 55,466 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in VanEck Gold Miners ETF were worth $10,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GDX. Tradewinds LLC. bought a new stake in VanEck Gold Miners ETF during the third quarter valued at approximately $1,568,000. Ethos Financial Group LLC bought a new position in VanEck Gold Miners ETF in the second quarter worth approximately $309,000. American National Bank & Trust purchased a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth $68,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $10,277,000. Finally, Brookwood Investment Group LLC grew its position in shares of VanEck Gold Miners ETF by 46.3% during the 3rd quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock valued at $1,562,000 after acquiring an additional 6,472 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $97.24 on Tuesday. VanEck Gold Miners ETF has a one year low of $36.12 and a one year high of $98.42. The stock’s fifty day moving average is $85.11 and its 200 day moving average is $72.16. The stock has a market cap of $29.18 billion, a P/E 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.