VanEck Gold Miners ETF $GDX Stock: Crescent Grove Advisors LLC Grows Stake

Crescent Grove Advisors LLC grew its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 112.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,043 shares of the exchange traded fund’s stock after purchasing an additional 28,623 shares during the quarter. Crescent Grove Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $4,745,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GDX. Diligent Investors LLC bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $202,000. Magnus Financial Group LLC boosted its holdings in shares of VanEck Gold Miners ETF by 23.5% in the 3rd quarter. Magnus Financial Group LLC now owns 56,770 shares of the exchange traded fund’s stock worth $4,984,000 after acquiring an additional 10,813 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in VanEck Gold Miners ETF by 12.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 48,308 shares of the exchange traded fund’s stock worth $4,241,000 after acquiring an additional 5,308 shares during the last quarter. Canoe Financial LP acquired a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at about $4,647,000. Finally, Guardian Partners Inc. lifted its position in shares of VanEck Gold Miners ETF by 25.7% during the third quarter. Guardian Partners Inc. now owns 2,200 shares of the exchange traded fund’s stock worth $193,000 after purchasing an additional 450 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $86.72 on Thursday. The business’s fifty day moving average price is $93.38 and its two-hundred day moving average price is $87.68. The firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 52 week low of $68.13 and a 52 week high of $117.18.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.