Financially Speaking Inc Purchases New Holdings in VanEck Gold Miners ETF $GDX

Financially Speaking Inc acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 61,600 shares of the exchange traded fund’s stock, valued at approximately $4,706,000. VanEck Gold Miners ETF comprises about 3.1% of Financially Speaking Inc’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors have also recently bought and sold shares of GDX. Connable Office Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $243,000. Wedbush Securities Inc. boosted its stake in VanEck Gold Miners ETF by 29.2% in the third quarter. Wedbush Securities Inc. now owns 24,765 shares of the exchange traded fund’s stock valued at $1,892,000 after acquiring an additional 5,600 shares during the last quarter. Westover Capital Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 2.1% during the 3rd quarter. Westover Capital Advisors LLC now owns 78,978 shares of the exchange traded fund’s stock valued at $6,034,000 after acquiring an additional 1,625 shares during the period. Onyx Bridge Wealth Group LLC increased its stake in shares of VanEck Gold Miners ETF by 31.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 5,408 shares of the exchange traded fund’s stock worth $413,000 after purchasing an additional 1,285 shares during the last quarter. Finally, GK Wealth Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 11.8% in the 3rd quarter. GK Wealth Management LLC now owns 8,267 shares of the exchange traded fund’s stock worth $632,000 after purchasing an additional 873 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $105.97 on Thursday. The stock has a market capitalization of $32.34 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a one year low of $38.58 and a one year high of $113.50. The business’s fifty day moving average price is $93.31 and its 200-day moving average price is $77.96.

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.