Leuthold Group LLC Invests $870,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Leuthold Group LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,837 shares of the exchange traded fund’s stock, valued at approximately $870,000.

Other large investors have also added to or reduced their stakes in the company. Kercheville Advisors LLC lifted its position in VanEck Gold Miners ETF by 8.6% during the third quarter. Kercheville Advisors LLC now owns 190,360 shares of the exchange traded fund’s stock worth $7,580,000 after acquiring an additional 15,050 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in shares of VanEck Gold Miners ETF by 25,118.4% during the third quarter. Riggs Asset Managment Co. Inc. now owns 129,875 shares of the exchange traded fund’s stock worth $5,172,000 after purchasing an additional 129,360 shares during the period. Anson Capital Inc. lifted its holdings in VanEck Gold Miners ETF by 10.1% during the 3rd quarter. Anson Capital Inc. now owns 39,545 shares of the exchange traded fund’s stock worth $1,575,000 after purchasing an additional 3,618 shares during the last quarter. Park Edge Advisors LLC bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $1,505,000. Finally, J.W. Cole Advisors Inc. grew its holdings in VanEck Gold Miners ETF by 13.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 62,111 shares of the exchange traded fund’s stock valued at $2,473,000 after buying an additional 7,360 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $41.36 on Tuesday. The business’s fifty day moving average price is $39.82 and its two-hundred day moving average price is $36.93. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22.

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.