Wedbush Securities Inc. Makes New Investment in VanEck Gold Miners ETF $GDX

Wedbush Securities Inc. acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,219 shares of the exchange traded fund’s stock, valued at approximately $2,653,000.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after buying an additional 858,716 shares in the last quarter. Bank of Nova Scotia increased its position in shares of VanEck Gold Miners ETF by 282.0% during the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after acquiring an additional 1,987,920 shares in the last quarter. Meitav Investment House Ltd. increased its position in shares of VanEck Gold Miners ETF by 68.6% during the first quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after acquiring an additional 493,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $84,873,000. Finally, IMC Chicago LLC increased its position in shares of VanEck Gold Miners ETF by 1,264.4% during the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after acquiring an additional 646,817 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 1.8%

Shares of NYSEARCA:GDX opened at $80.20 on Friday. The stock’s fifty day simple moving average is $93.05 and its two-hundred day simple moving average is $87.54. VanEck Gold Miners ETF has a 1-year low of $68.13 and a 1-year high of $117.18. The stock has a market cap of $24.59 billion, a PE ratio of 21.70 and a beta of 0.68.

VanEck Gold Miners ETF Company Profile

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.