NewEdge Wealth LLC Acquires 34,003 Shares of VanEck Gold Miners ETF $GDX

NewEdge Wealth LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 64.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,856 shares of the exchange traded fund’s stock after buying an additional 34,003 shares during the quarter. NewEdge Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $6,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GDX. Tradewinds LLC. bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $1,568,000. Ethos Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF in the second quarter valued at about $309,000. Trek Financial LLC boosted its position in shares of VanEck Gold Miners ETF by 43.4% during the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after buying an additional 10,488 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in shares of VanEck Gold Miners ETF during the second quarter worth about $10,277,000. Finally, Brookwood Investment Group LLC grew its holdings in shares of VanEck Gold Miners ETF by 46.3% during the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock worth $1,562,000 after buying an additional 6,472 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $104.24 on Friday. The firm has a market cap of $31.81 billion, a PE ratio of 21.70 and a beta of 0.55. The business’s 50 day simple moving average is $95.71 and its 200 day simple moving average is $79.86. VanEck Gold Miners ETF has a 52-week low of $38.58 and a 52-week 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.