VanEck Gold Miners ETF $GDX Shares Acquired by Point Nemo Capital LLC

Point Nemo Capital LLC lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 345.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,035 shares of the exchange traded fund’s stock after purchasing an additional 42,691 shares during the period. VanEck Gold Miners ETF accounts for 2.2% of Point Nemo Capital LLC’s portfolio, making the stock its 12th largest position. Point Nemo Capital LLC’s holdings in VanEck Gold Miners ETF were worth $4,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ethic Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $2,247,000. 180 Wealth Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 0.3% in the third quarter. 180 Wealth Advisors LLC now owns 114,190 shares of the exchange traded fund’s stock valued at $10,026,000 after acquiring an additional 384 shares during the last quarter. Guild Investment Management Inc. bought a new position in VanEck Gold Miners ETF in the third quarter valued at about $5,609,000. StoneX Group Inc. acquired a new stake in VanEck Gold Miners ETF in the third quarter worth about $391,000. Finally, Verus Capital Partners LLC increased its position in VanEck Gold Miners ETF by 62.3% in the third quarter. Verus Capital Partners LLC now owns 7,562 shares of the exchange traded fund’s stock worth $664,000 after purchasing an additional 2,904 shares during the period.

VanEck Gold Miners ETF Trading Up 2.2%

Shares of NYSEARCA:GDX opened at $87.60 on Friday. The stock has a market capitalization of $27.01 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 1-year low of $69.74 and a 1-year high of $117.18. The business has a 50-day moving average price of $89.57 and a two-hundred day moving average price of $90.34.

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.