5,196 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Bought by Executive Wealth Management LLC

Executive Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, HoldingsChannel.com reports. The firm purchased 5,196 shares of the exchange traded fund’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC increased its position in shares of VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Cedar Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF by 63.4% during the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. LRI Investments LLC acquired a new stake in VanEck Gold Miners ETF during the first quarter worth about $31,000. Eagle Bay Advisors LLC boosted its stake in VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 575 shares during the period. Finally, Studio Investment Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 51.4% during the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 408 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 1.4 %

Shares of VanEck Gold Miners ETF stock opened at $39.02 on Friday. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The business’s 50 day simple moving average is $40.01 and its 200-day simple moving average is $37.30.

VanEck Gold Miners ETF Company 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.