Wedbush Securities Inc. Raises Stock Holdings in VanEck Gold Miners ETF $GDX

Wedbush Securities Inc. raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,765 shares of the exchange traded fund’s stock after purchasing an additional 5,600 shares during the quarter. Wedbush Securities Inc.’s holdings in VanEck Gold Miners ETF were worth $1,892,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tradewinds LLC. acquired a new stake in VanEck Gold Miners ETF during the third quarter worth about $1,568,000. Ethos Financial Group LLC acquired a new position in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $309,000. Trek Financial LLC boosted its holdings in VanEck Gold Miners ETF by 43.4% during the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after buying an additional 10,488 shares in the last quarter. Brookwood Investment Group LLC grew its position in VanEck Gold Miners ETF by 46.3% during the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock valued at $1,562,000 after buying an additional 6,472 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new position in VanEck Gold Miners ETF in the second quarter valued at $10,277,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $98.28 on Friday. The stock has a market capitalization of $29.99 billion, a PE ratio of 21.70 and a beta of 0.55. The business has a 50 day simple moving average of $93.65 and a 200-day simple moving average of $78.10. VanEck Gold Miners ETF has a 12 month low of $38.58 and a 12 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.