Schwartz Investment Counsel Inc. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,375 shares of the exchange traded fund’s stock, valued at approximately $1,701,000.
A number of other large investors also recently modified their holdings of GDX. Avalon Trust Co acquired a new stake in VanEck Gold Miners ETF during the first quarter worth about $26,000. Princeton Global Asset Management LLC acquired a new position in VanEck Gold Miners ETF in the first quarter valued at approximately $27,000. Hickory Point Bank & Trust bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $30,000. Evolution Wealth Management Inc. bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $33,000. Finally, Eastern Bank bought a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $53,000.
VanEck Gold Miners ETF Trading Up 2.7%
Shares of VanEck Gold Miners ETF stock opened at $83.19 on Wednesday. The business’s 50 day simple moving average is $92.51 and its 200-day simple moving average is $90.90. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a twelve month low of $68.20 and a twelve month high of $117.18.
VanEck Gold Miners ETF Company 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.
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