WESPAC Advisors LLC Invests $485,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

WESPAC Advisors LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,186 shares of the exchange traded fund’s stock, valued at approximately $485,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of VanEck Gold Miners ETF by 649.7% during the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after acquiring an additional 14,046,913 shares during the period. National Bank of Canada FI grew its holdings in VanEck Gold Miners ETF by 89.0% during the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after purchasing an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC increased its position in VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after buying an additional 1,673,315 shares during the last quarter. Blackstone Inc. bought a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $41,106,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of VanEck Gold Miners ETF by 19.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,104,857 shares of the exchange traded fund’s stock valued at $37,488,000 after buying an additional 179,885 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $38.28 on Friday. The stock has a fifty day moving average of $39.84 and a 200-day moving average of $37.54. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.