Pekin Hardy Strauss Inc. Buys 152,383 Shares of VanEck Gold Miners ETF $GDX

Pekin Hardy Strauss Inc. purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 152,383 shares of the exchange traded fund’s stock, valued at approximately $13,379,000. VanEck Gold Miners ETF accounts for approximately 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds have also bought and sold shares of the stock. Avalon Trust Co bought a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $26,000. Hickory Point Bank & Trust purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $30,000. Signature Equity Partners LLC purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $33,000. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $53,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at approximately $67,000.

VanEck Gold Miners ETF Trading Up 1.4%

VanEck Gold Miners ETF stock opened at $85.75 on Friday. The firm has a 50 day moving average of $89.89 and a 200 day moving average of $90.41. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 12-month low of $69.74 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.