V. M. Manning & CO. Inc. Takes $347,000 Position in VanEck Gold Miners ETF $GDX

V. M. Manning & CO. Inc. bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,668 shares of the exchange traded fund’s stock, valued at approximately $347,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Acas LLC grew its holdings in VanEck Gold Miners ETF by 3.0% in the 2nd quarter. Acas LLC now owns 6,445 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 190 shares during the last quarter. North Forty Two & Co. boosted its holdings in shares of VanEck Gold Miners ETF by 4.1% during the second quarter. North Forty Two & Co. now owns 5,100 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 200 shares during the period. Aspect Partners LLC grew its stake in shares of VanEck Gold Miners ETF by 3.9% in the second quarter. Aspect Partners LLC now owns 5,572 shares of the exchange traded fund’s stock worth $290,000 after purchasing an additional 208 shares during the last quarter. Hoey Investments Inc. increased its holdings in VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 213 shares during the period. Finally, Golden State Wealth Management LLC raised its position in VanEck Gold Miners ETF by 10.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,414 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 220 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX opened at $85.66 on Monday. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $88.50. The business has a 50 day simple moving average of $77.14 and a two-hundred day simple moving average of $65.25. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.