New Harbor Financial Group LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 585,790 shares of the exchange traded fund’s stock, valued at approximately $51,432,000. VanEck Gold Miners ETF makes up approximately 7.7% of New Harbor Financial Group LLC’s investment portfolio, making the stock its largest position. New Harbor Financial Group LLC owned approximately 0.19% of VanEck Gold Miners ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GDX. PCG Wealth Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 74.4% during the second quarter. PCG Wealth Advisors LLC now owns 75,559 shares of the exchange traded fund’s stock valued at $5,701,000 after buying an additional 32,230 shares during the last quarter. Axiom Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $934,000. Ameritas Advisory Services LLC lifted its stake in shares of VanEck Gold Miners ETF by 315.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 14,585 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 171.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock valued at $717,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Rockland Trust Co. bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $515,000.
VanEck Gold Miners ETF Stock Performance
GDX stock traded down $1.49 during trading on Friday, hitting $80.20. 19,626,246 shares of the company traded hands, compared to its average volume of 24,236,016. The firm has a market capitalization of $24.59 billion, a PE ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 1 year low of $68.13 and a 1 year high of $117.18. The company has a 50-day moving average of $93.05 and a 200-day moving average of $87.54.
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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