Morse Asset Management Inc Makes New Investment in VanEck Gold Miners ETF $GDX

Morse Asset Management Inc purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,651 shares of the exchange traded fund’s stock, valued at approximately $661,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after acquiring an additional 12,408 shares during the last quarter. Allworth Financial LP raised its position in shares of VanEck Gold Miners ETF by 6.2% in the 2nd quarter. Allworth Financial LP now owns 4,207 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 246 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in VanEck Gold Miners ETF by 3.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,498 shares of the exchange traded fund’s stock worth $651,000 after purchasing an additional 400 shares in the last quarter. Kingsview Wealth Management LLC grew its position in VanEck Gold Miners ETF by 234.2% during the 2nd quarter. Kingsview Wealth Management LLC now owns 141,994 shares of the exchange traded fund’s stock valued at $7,392,000 after purchasing an additional 99,501 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in VanEck Gold Miners ETF by 14.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 794,683 shares of the exchange traded fund’s stock valued at $41,371,000 after purchasing an additional 102,835 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $94.38 on Tuesday. The stock has a market capitalization of $28.80 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 52-week low of $40.26 and a 52-week high of $117.18. The company has a 50-day simple moving average of $101.86 and a two-hundred day simple moving average of $85.77.

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.