Solstein Capital LLC Invests $802,000 in VanEck Gold Miners ETF $GDX

Solstein Capital LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent filing with the SEC. The fund purchased 10,493 shares of the exchange traded fund’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also made changes to their positions in GDX. AQR Capital Management LLC increased its stake in VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 12,408 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $220,000. Arkadios Wealth Advisors boosted its holdings in shares of VanEck Gold Miners ETF by 17.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 6,539 shares of the exchange traded fund’s stock valued at $340,000 after buying an additional 981 shares during the period. Assetmark Inc. grew its position in shares of VanEck Gold Miners ETF by 183.0% during the 2nd quarter. Assetmark Inc. now owns 968 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 626 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new stake in VanEck Gold Miners ETF during the second quarter worth about $211,000.

VanEck Gold Miners ETF Stock Down 3.8%

Shares of NYSEARCA GDX opened at $101.82 on Friday. The firm’s 50-day moving average price is $100.15 and its two-hundred day moving average price is $83.48. VanEck Gold Miners ETF has a 52-week low of $40.20 and a 52-week high of $117.18. The stock has a market capitalization of $31.07 billion, a P/E ratio of 21.70 and a beta of 0.55.

VanEck Gold Miners ETF Profile

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.