Westover Capital Advisors LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 19,588 shares of the exchange traded fund’s stock, valued at approximately $1,720,000.
Other hedge funds have also added to or reduced their stakes in the company. Blume Capital Management Inc. bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth $5,725,000. Aries Wealth Management lifted its position in shares of VanEck Gold Miners ETF by 4.0% in the 3rd quarter. Aries Wealth Management now owns 40,151 shares of the exchange traded fund’s stock worth $3,525,000 after purchasing an additional 1,542 shares during the period. Sigma Planning Corp bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $2,854,000. Bright Futures Wealth Management LLC. bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $597,000. Finally, Trademark Financial Management LLC boosted its stake in shares of VanEck Gold Miners ETF by 0.5% during the 3rd quarter. Trademark Financial Management LLC now owns 30,053 shares of the exchange traded fund’s stock valued at $2,639,000 after purchasing an additional 151 shares in the last quarter.
VanEck Gold Miners ETF Price Performance
Shares of NYSEARCA GDX opened at $81.02 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $68.13 and a 1 year high of $117.18. The stock has a market capitalization of $24.85 billion, a P/E ratio of 21.70 and a beta of 0.68. The company’s 50-day moving average is $92.68 and its 200 day moving average is $90.94.
VanEck Gold Miners ETF 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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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