London & Capital Asset Management Ltd Raises Position in VanEck Gold Miners ETF $GDX

London & Capital Asset Management Ltd grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 16.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,359 shares of the exchange traded fund’s stock after purchasing an additional 69,545 shares during the quarter. VanEck Gold Miners ETF makes up about 2.6% of London & Capital Asset Management Ltd’s holdings, making the stock its 20th largest position. London & Capital Asset Management Ltd owned approximately 0.16% of VanEck Gold Miners ETF worth $36,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Constant Guidance Financial LLC purchased a new stake in VanEck Gold Miners ETF during the third quarter worth about $1,433,000. Tradewinds LLC. bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $1,568,000. EverSource Wealth Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 15.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after acquiring an additional 4,778 shares during the period. Ethos Financial Group LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $309,000. Finally, Trek Financial LLC raised its holdings in shares of VanEck Gold Miners ETF by 43.4% in the 3rd quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after purchasing an additional 10,488 shares during the period.

VanEck Gold Miners ETF Trading Up 1.7%

VanEck Gold Miners ETF stock opened at $115.84 on Monday. VanEck Gold Miners ETF has a 12 month low of $38.58 and a 12 month high of $115.99. The business’s 50 day simple moving average is $98.78 and its 200 day simple moving average is $82.46. The company has a market cap of $35.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.