Garrison Point Advisors LLC Purchases New Holdings in VanEck Gold Miners ETF $GDX

Garrison Point Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,465 shares of the exchange traded fund’s stock, valued at approximately $285,000.

Other institutional investors also recently made changes to their positions in the company. Hurley Capital LLC acquired a new stake in shares of VanEck Gold Miners ETF during the first quarter worth approximately $26,000. Hoey Investments Inc. boosted its stake in VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 213 shares during the last quarter. Creekmur Asset Management LLC boosted its stake in VanEck Gold Miners ETF by 147.2% during the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 362 shares during the last quarter. RMG Wealth Management LLC acquired a new position in VanEck Gold Miners ETF during the 2nd quarter worth $34,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $35,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $72.55 on Friday. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $85.08. The company’s 50-day simple moving average is $72.79 and its 200-day simple moving average is $59.69.

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.