D.A. Davidson & CO. Makes New Investment in VanEck Gold Miners ETF $GDX

D.A. Davidson & CO. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,817 shares of the exchange traded fund’s stock, valued at approximately $4,989,000.

A number of other institutional investors also recently made changes to their positions in GDX. MCF Advisors LLC lifted its position in shares of VanEck Gold Miners ETF by 2.8% in the second quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 100 shares in the last quarter. Midwest Trust Co grew its stake in VanEck Gold Miners ETF by 2.8% in the 1st quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after acquiring an additional 115 shares during the period. Conservest Capital Advisors Inc. increased its stake in VanEck Gold Miners ETF by 4.1% in the first quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 123 shares during the last quarter. CWA Asset Management Group LLC increased its stake in VanEck Gold Miners ETF by 1.9% in the third quarter. CWA Asset Management Group LLC now owns 7,027 shares of the exchange traded fund’s stock valued at $617,000 after purchasing an additional 133 shares during the last quarter. Finally, Miller Financial Services LLC increased its stake in VanEck Gold Miners ETF by 1.8% in the third quarter. Miller Financial Services LLC now owns 8,352 shares of the exchange traded fund’s stock valued at $733,000 after purchasing an additional 145 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 5.2%

NYSEARCA GDX opened at $77.09 on Friday. The business’s 50-day moving average price is $91.64 and its 200 day moving average price is $90.71. VanEck Gold Miners ETF has a twelve month low of $68.20 and a twelve month high of $117.18. The company has a market capitalization of $23.73 billion, a PE ratio of 21.70 and a beta of 0.68.

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.