VanEck Gold Miners ETF $GDX Shares Bought by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. grew its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 83,640 shares of the exchange traded fund’s stock after purchasing an additional 246 shares during the quarter. VanEck Gold Miners ETF makes up about 2.5% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its 15th largest position. Pinnacle Wealth Management Group Inc.’s holdings in VanEck Gold Miners ETF were worth $4,354,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GDX. Spire Wealth Management grew its holdings in VanEck Gold Miners ETF by 22.0% during the 1st quarter. Spire Wealth Management now owns 28,432 shares of the exchange traded fund’s stock worth $1,307,000 after acquiring an additional 5,131 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of VanEck Gold Miners ETF by 788.3% in the 1st quarter. Golden State Wealth Management LLC now owns 4,388 shares of the exchange traded fund’s stock worth $202,000 after buying an additional 3,894 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of VanEck Gold Miners ETF by 13.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 22,799 shares of the exchange traded fund’s stock worth $1,048,000 after buying an additional 2,620 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of VanEck Gold Miners ETF by 30.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 23,946 shares of the exchange traded fund’s stock worth $1,101,000 after buying an additional 5,616 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth about $202,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $72.80 on Friday. The firm’s 50-day moving average is $70.58 and its 200-day moving average is $58.06. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $85.08. The company has a market cap of $21.74 billion, a P/E ratio of 21.70 and a beta of 0.77.

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.