Staley Capital Advisers Inc. Has $49.68 Million Stock Position in VanEck Gold Miners ETF $GDX

Staley Capital Advisers Inc. lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.1% during the third quarter, HoldingsChannel reports. The fund owned 650,276 shares of the exchange traded fund’s stock after selling 14,275 shares during the quarter. VanEck Gold Miners ETF accounts for about 2.0% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 18th biggest holding. Staley Capital Advisers Inc.’s holdings in VanEck Gold Miners ETF were worth $49,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Journey Strategic Wealth LLC raised its stake in shares of VanEck Gold Miners ETF by 11.2% in the third quarter. Journey Strategic Wealth LLC now owns 5,564 shares of the exchange traded fund’s stock worth $425,000 after purchasing an additional 562 shares during the last quarter. London & Capital Asset Management Ltd boosted its position in shares of VanEck Gold Miners ETF by 16.8% during the third quarter. London & Capital Asset Management Ltd now owns 482,359 shares of the exchange traded fund’s stock valued at $36,852,000 after buying an additional 69,545 shares during the last quarter. Geneva Partners LLC grew its holdings in VanEck Gold Miners ETF by 37.5% during the third quarter. Geneva Partners LLC now owns 22,000 shares of the exchange traded fund’s stock worth $1,681,000 after buying an additional 6,000 shares in the last quarter. PKS Advisory Services LLC raised its position in VanEck Gold Miners ETF by 2.6% in the 3rd quarter. PKS Advisory Services LLC now owns 13,294 shares of the exchange traded fund’s stock valued at $1,016,000 after buying an additional 340 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC bought a new position in VanEck Gold Miners ETF during the 3rd quarter valued at $287,000.

VanEck Gold Miners ETF Price Performance

GDX opened at $115.84 on Monday. VanEck Gold Miners ETF has a 1 year low of $38.58 and a 1 year high of $115.99. The company has a market capitalization of $35.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The firm’s fifty day moving average price is $98.78 and its two-hundred day moving average price is $82.46.

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.