Valen Private Capital LLC Makes New $6.86 Million Investment in VanEck Gold Miners ETF $GDX

Valen Private Capital LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 78,173 shares of the exchange traded fund’s stock, valued at approximately $6,864,000. VanEck Gold Miners ETF makes up about 2.2% of Valen Private Capital LLC’s investment portfolio, making the stock its 14th largest holding.

Other large investors have also recently bought and sold shares of the company. Avalon Trust Co purchased a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $27,000. Hickory Point Bank & Trust purchased a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $30,000. Evolution Wealth Management Inc. purchased a new position in VanEck Gold Miners ETF during the 1st quarter worth approximately $33,000. Finally, Eastern Bank purchased a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $53,000.

VanEck Gold Miners ETF Stock Down 1.8%

GDX opened at $80.20 on Friday. The firm has a market cap of $24.59 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 52 week low of $68.13 and a 52 week high of $117.18. The business’s 50 day moving average is $93.05 and its two-hundred day moving average is $87.54.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.