Trek Financial LLC Purchases 10,488 Shares of VanEck Gold Miners ETF $GDX

Trek Financial LLC boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 43.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 34,645 shares of the exchange traded fund’s stock after acquiring an additional 10,488 shares during the period. Trek Financial LLC’s holdings in VanEck Gold Miners ETF were worth $2,647,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. New Republic Capital LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $29,000. Creekmur Asset Management LLC lifted its position in VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 362 shares during the last quarter. Highline Wealth Partners LLC lifted its position in VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth $34,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $35,000.

VanEck Gold Miners ETF Trading Up 1.8%

Shares of NYSEARCA GDX opened at $107.02 on Friday. VanEck Gold Miners ETF has a 12-month low of $36.85 and a 12-month high of $107.62. The firm’s 50-day moving average price is $87.25 and its 200-day moving average price is $73.47. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.