Secure Asset Management LLC Purchases 8,314 Shares of VanEck Gold Miners ETF $GDX

Secure Asset Management LLC lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 66.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,840 shares of the exchange traded fund’s stock after buying an additional 8,314 shares during the quarter. Secure Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,830,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Avalon Trust Co acquired a new position in VanEck Gold Miners ETF in the first quarter worth approximately $26,000. Princeton Global Asset Management LLC acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $27,000. Bayban bought a new stake in VanEck Gold Miners ETF in the fourth quarter worth approximately $27,000. Hickory Point Bank & Trust bought a new stake in VanEck Gold Miners ETF in the third quarter worth approximately $30,000. Finally, Evolution Wealth Management Inc. bought a new stake in VanEck Gold Miners ETF in the first quarter worth approximately $33,000.

VanEck Gold Miners ETF Stock Down 1.4%

Shares of GDX opened at $86.47 on Tuesday. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. The company’s fifty day moving average is $93.54 and its 200-day moving average is $87.81. VanEck Gold Miners ETF has a 12 month low of $68.13 and a 12 month high of $117.18.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.