Pekin Hardy Strauss Inc. Buys 152,383 Shares of VanEck Gold Miners ETF $GDX

Pekin Hardy Strauss Inc. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 152,383 shares of the exchange traded fund’s stock, valued at approximately $13,379,000. VanEck Gold Miners ETF makes up 1.1% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 13th largest holding.

A number of other institutional investors have also bought and sold shares of the business. MCF Advisors LLC raised its holdings in VanEck Gold Miners ETF by 2.8% during the second quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 100 shares during the period. Midwest Trust Co boosted its stake in shares of VanEck Gold Miners ETF by 2.8% in the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after acquiring an additional 115 shares during the period. Conservest Capital Advisors Inc. boosted its stake in shares of VanEck Gold Miners ETF by 4.1% in the first quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock worth $287,000 after acquiring an additional 123 shares during the period. CWA Asset Management Group LLC grew its position in shares of VanEck Gold Miners ETF by 1.9% during the third quarter. CWA Asset Management Group LLC now owns 7,027 shares of the exchange traded fund’s stock worth $617,000 after purchasing an additional 133 shares in the last quarter. Finally, Miller Financial Services LLC grew its position in shares of VanEck Gold Miners ETF by 1.8% during the third quarter. Miller Financial Services LLC now owns 8,352 shares of the exchange traded fund’s stock worth $733,000 after purchasing an additional 145 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 1.4%

Shares of GDX opened at $85.75 on Friday. The business’s 50 day moving average is $89.89 and its 200 day moving average is $90.41. The company has a market capitalization of $26.42 billion, a PE ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 12-month low of $69.74 and a 12-month 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.