Mirador Capital Partners LP Takes $1.06 Million Position in VanEck Gold Miners ETF $GDX

Mirador Capital Partners LP acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, HoldingsChannel reports. The fund acquired 20,438 shares of the exchange traded fund’s stock, valued at approximately $1,064,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hurley Capital LLC bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $26,000. Investors Research Corp raised its stake in shares of VanEck Gold Miners ETF by 57.3% during the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 251 shares during the last quarter. Elequin Capital LP bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $39,000. Mpwm Advisory Solutions LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $41,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $42,000.

VanEck Gold Miners ETF Trading Down 2.1%

Shares of NYSEARCA:GDX opened at $69.02 on Wednesday. The company has a market cap of $20.20 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. The company has a 50-day moving average price of $58.50 and a 200-day moving average price of $51.86. VanEck Gold Miners ETF has a 12 month low of $33.42 and a 12 month high of $70.76.

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.