Simplex Trading LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 26,784 shares of the exchange traded fund’s stock, valued at approximately $2,352,000.
A number of other institutional investors have also recently modified their holdings of the business. Avalon Trust Co acquired a new position in VanEck Gold Miners ETF in the 1st quarter worth about $26,000. Hickory Point Bank & Trust acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $30,000. Signature Equity Partners LLC acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $33,000. Eastern Bank purchased a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $53,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $67,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX stock opened at $91.46 on Tuesday. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70. The stock has a 50 day simple moving average of $89.41 and a 200-day simple moving average of $90.29. VanEck Gold Miners ETF has a 1-year low of $69.74 and a 1-year high of $117.18.
VanEck Gold Miners ETF 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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