VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Acquired by Flagship Private Wealth LLC

Flagship Private Wealth LLC grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 65.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,213 shares of the exchange traded fund’s stock after acquiring an additional 5,637 shares during the period. Flagship Private Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Capital Investment Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after buying an additional 1,580 shares during the period. US Bancorp DE lifted its position in shares of VanEck Gold Miners ETF by 4.9% during the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 649 shares in the last quarter. LRI Investments LLC acquired a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $31,000. Clearbridge Investments LLC grew its holdings in VanEck Gold Miners ETF by 9.4% during the 1st quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock valued at $550,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in VanEck Gold Miners ETF by 2.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock worth $583,000 after buying an additional 454 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $40.12 on Wednesday. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The stock has a market cap of $16.04 billion, a P/E ratio of 28.03 and a beta of 0.85. The firm has a 50-day moving average of $39.96 and a two-hundred day moving average of $37.18.

About VanEck Gold Miners ETF

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.