Price Capital Management Inc. Acquires New Position in VanEck Gold Miners ETF $GDX

Price Capital Management Inc. bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,240 shares of the exchange traded fund’s stock, valued at approximately $2,540,000. VanEck Gold Miners ETF makes up 3.0% of Price Capital Management Inc.’s holdings, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. New Republic Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $29,000. Creekmur Asset Management LLC boosted its holdings in VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 362 shares during the period. Highline Wealth Partners LLC grew its stake in VanEck Gold Miners ETF by 45.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 135 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in VanEck Gold Miners ETF during the 2nd quarter worth about $35,000. Finally, Tradewinds Capital Management LLC increased its holdings in VanEck Gold Miners ETF by 162.5% during the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 325 shares during the period.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $106.26 on Monday. The business’s 50-day moving average is $96.12 and its two-hundred day moving average is $80.54. The firm has a market capitalization of $32.43 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $38.58 and a 1 year high of $113.50.

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.