J.W. Cole Advisors Inc. Increases Holdings in VanEck Gold Miners ETF $GDX

J.W. Cole Advisors Inc. grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.2% during the third quarter, HoldingsChannel reports. The fund owned 78,043 shares of the exchange traded fund’s stock after purchasing an additional 11,468 shares during the period. J.W. Cole Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $5,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GDX. JPMorgan Chase & Co. increased its stake in VanEck Gold Miners ETF by 766.7% in the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP acquired a new position in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $123,070,000. Rafferty Asset Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares in the last quarter. Meitav Investment House Ltd. grew its position in shares of VanEck Gold Miners ETF by 3,846.2% in the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock valued at $54,725,000 after buying an additional 700,000 shares during the last quarter. Finally, Parker Investment Management LLC acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $52,704,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $98.70 on Thursday. VanEck Gold Miners ETF has a 1-year low of $38.58 and a 1-year high of $113.50. The stock has a market cap of $30.12 billion, a PE ratio of 21.70 and a beta of 0.55. The firm has a fifty day moving average price of $91.48 and a 200 day moving average price of $76.33.

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.