Oppenheimer & Co. Inc. Purchases 17,904 Shares of VanEck Gold Miners ETF $GDX

Oppenheimer & Co. Inc. raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,221 shares of the exchange traded fund’s stock after acquiring an additional 17,904 shares during the period. Oppenheimer & Co. Inc.’s holdings in VanEck Gold Miners ETF were worth $6,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Western Wealth Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 7.5% in the third quarter. Western Wealth Management LLC now owns 17,600 shares of the exchange traded fund’s stock valued at $1,345,000 after purchasing an additional 1,222 shares in the last quarter. D.B. Root & Company LLC bought a new position in VanEck Gold Miners ETF during the third quarter valued at $290,000. Prime Capital Investment Advisors LLC bought a new position in VanEck Gold Miners ETF during the third quarter valued at $203,000. SlateStone Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth $204,000. Finally, Guild Investment Management Inc. grew its stake in shares of VanEck Gold Miners ETF by 7.4% in the 3rd quarter. Guild Investment Management Inc. now owns 60,603 shares of the exchange traded fund’s stock worth $4,630,000 after buying an additional 4,184 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.1%

VanEck Gold Miners ETF stock opened at $103.01 on Wednesday. The company’s 50-day moving average price is $92.81 and its 200-day moving average price is $77.76. The company has a market cap of $31.43 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a twelve month low of $38.58 and a twelve month high of $113.50.

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.