Moody Aldrich Partners LLC Acquires New Stake in VanEck Gold Miners ETF $GDX

Moody Aldrich Partners LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,058 shares of the exchange traded fund’s stock, valued at approximately $620,000.

A number of other hedge funds have also modified their holdings of GDX. Asset Management One Co. Ltd. acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $2,504,000. Latitude Advisors LLC purchased a new position in VanEck Gold Miners ETF during the 3rd quarter worth $124,000. Roman Butler Fullerton & Co. acquired a new position in VanEck Gold Miners ETF in the third quarter valued at $697,000. Angeles Wealth Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 20.5% in the third quarter. Angeles Wealth Management LLC now owns 11,450 shares of the exchange traded fund’s stock valued at $1,005,000 after buying an additional 1,950 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. purchased a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at about $1,701,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $81.33 on Friday. VanEck Gold Miners ETF has a one year low of $68.20 and a one year high of $117.18. The stock has a market capitalization of $25.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. The company has a 50-day simple moving average of $92.09 and a 200-day simple moving average of $90.81.

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.