Shrier Wealth Management LLC Purchases New Stake in VanEck Gold Miners ETF $GDX

Shrier Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, Holdings Channel reports. The firm purchased 5,735 shares of the exchange traded fund’s stock, valued at approximately $433,000.

Several other institutional investors have also recently bought and sold shares of GDX. AQR Capital Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. bought a new stake in shares of VanEck Gold Miners ETF during the second quarter worth about $31,236,000. Natixis increased its position in shares of VanEck Gold Miners ETF by 196.1% during the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of VanEck Gold Miners ETF by 194.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $846,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $90.49 on Tuesday. The stock has a market cap of $27.61 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a fifty-two week low of $56.34 and a fifty-two week high of $117.18. The firm’s 50-day simple moving average is $78.20 and its 200 day simple moving average is $89.99.

VanEck Gold Miners ETF Company 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.