Confluence Investment Management LLC grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 10.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 70,315 shares of the exchange traded fund’s stock after buying an additional 6,624 shares during the period. Confluence Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $5,305,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Delta Asset Management LLC TN raised its stake in VanEck Gold Miners ETF by 9.1% during the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 100 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 0.8% in the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after purchasing an additional 112 shares during the period. Midwest Trust Co raised its stake in shares of VanEck Gold Miners ETF by 2.8% during the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after purchasing an additional 115 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of VanEck Gold Miners ETF by 5.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 117 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its holdings in VanEck Gold Miners ETF by 4.1% during the 1st quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 123 shares in the last quarter.
VanEck Gold Miners ETF Trading Up 2.5%
Shares of GDX opened at $77.92 on Wednesday. VanEck Gold Miners ETF has a 12-month low of $54.57 and a 12-month high of $117.18. The stock has a market cap of $23.77 billion, a P/E ratio of 21.70 and a beta of 0.65. The company has a 50-day moving average of $78.21 and a two-hundred day moving average of $90.31.
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.
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