Welch Group LLC Invests $217,000 in VanEck Gold Miners ETF $GDX

Welch Group LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,159 shares of the exchange traded fund’s stock, valued at approximately $217,000.

A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC increased its stake in shares of VanEck Gold Miners ETF by 2.3% during the 1st quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after purchasing an additional 80,785 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in VanEck Gold Miners ETF by 7,098.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after acquiring an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in VanEck Gold Miners ETF by 3,010.4% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after acquiring an additional 1,875,906 shares during the period. National Bank of Canada FI grew its stake in VanEck Gold Miners ETF by 8,656.1% in the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after acquiring an additional 1,360,475 shares during the period. Finally, New Harbor Financial Group LLC grew its stake in VanEck Gold Miners ETF by 51.9% in the 1st quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock worth $53,132,000 after acquiring an additional 394,744 shares during the period.

VanEck Gold Miners ETF Stock Up 4.7%

Shares of NYSEARCA:GDX opened at $79.37 on Tuesday. The company has a market cap of $23.30 billion, a P/E ratio of 21.70 and a beta of 0.77. The business has a fifty day simple moving average of $67.06 and a 200-day simple moving average of $56.16. VanEck Gold Miners ETF has a 52 week low of $33.42 and a 52 week high of $79.49.

VanEck Gold Miners ETF Profile

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.