Janney Montgomery Scott LLC Buys 50,945 Shares of VanEck Gold Miners ETF $GDX

Janney Montgomery Scott LLC lifted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.8% during the first quarter, Holdings Channel.com reports. The firm owned 248,335 shares of the exchange traded fund’s stock after buying an additional 50,945 shares during the period. Janney Montgomery Scott LLC’s holdings in VanEck Gold Miners ETF were worth $22,790,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GDX. Advisory Alpha LLC acquired a new position in VanEck Gold Miners ETF during the 3rd quarter valued at about $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $848,000. Redhawk Wealth Advisors Inc. grew its position in shares of VanEck Gold Miners ETF by 1,433.6% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after buying an additional 87,880 shares during the period. Sanders Morris Harris LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $867,000. Finally, Mainstay Capital Management LLC ADV bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $1,421,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $75.68 on Tuesday. The company’s 50 day simple moving average is $86.53 and its 200 day simple moving average is $92.83. VanEck Gold Miners ETF has a fifty-two week low of $50.35 and a fifty-two week high of $117.18. The firm has a market capitalization of $23.32 billion, a P/E ratio of 21.70 and a beta of 0.60.

VanEck Gold Miners ETF Profile

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.