Foundations Investment Advisors LLC Takes $19.80 Million Position in VanEck Gold Miners ETF $GDX

Foundations Investment Advisors LLC acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 259,220 shares of the exchange traded fund’s stock, valued at approximately $19,804,000.

A number of other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management grew its stake in shares of VanEck Gold Miners ETF by 2.5% during the 3rd quarter. Hollencrest Capital Management now owns 65,474 shares of the exchange traded fund’s stock valued at $5,002,000 after purchasing an additional 1,579 shares during the period. Activest Wealth Management bought a new stake in VanEck Gold Miners ETF during the third quarter valued at approximately $50,000. TD Waterhouse Canada Inc. increased its holdings in VanEck Gold Miners ETF by 1.1% during the third quarter. TD Waterhouse Canada Inc. now owns 277,147 shares of the exchange traded fund’s stock valued at $21,381,000 after buying an additional 2,938 shares during the last quarter. one8zero8 LLC bought a new position in VanEck Gold Miners ETF in the third quarter worth approximately $285,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of VanEck Gold Miners ETF by 2.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,700 shares of the exchange traded fund’s stock worth $1,963,000 after acquiring an additional 700 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $112.16 on Thursday. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $37.45 and a 1 year high of $112.54. The firm has a fifty day moving average price of $89.29 and a 200-day moving average price of $74.68.

About VanEck Gold Miners ETF

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