Elevation Point Wealth Partners LLC Raises Holdings in VanEck Gold Miners ETF $GDX

Elevation Point Wealth Partners LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 78.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,985 shares of the exchange traded fund’s stock after buying an additional 45,827 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in VanEck Gold Miners ETF were worth $9,543,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 12,408 shares during the period. Invesco Ltd. bought a new stake in VanEck Gold Miners ETF in the 2nd quarter worth approximately $31,236,000. Natixis grew its position in VanEck Gold Miners ETF by 196.1% in the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares during the period. Qube Research & Technologies Ltd raised its stake in VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after buying an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $846,000.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $78.43 on Friday. VanEck Gold Miners ETF has a 1 year low of $50.35 and a 1 year high of $117.18. The company has a market cap of $23.60 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock’s fifty day moving average price is $85.26 and its 200-day moving average price is $92.65.

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.