VanEck Gold Miners ETF $GDX Position Increased by Moneco Advisors LLC

Moneco Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 40,938 shares of the exchange traded fund’s stock after purchasing an additional 6,218 shares during the quarter. Moneco Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,594,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. PCG Wealth Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 74.4% during the second quarter. PCG Wealth Advisors LLC now owns 75,559 shares of the exchange traded fund’s stock worth $5,701,000 after purchasing an additional 32,230 shares during the period. Axiom Investment Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at $934,000. Ameritas Advisory Services LLC boosted its position in shares of VanEck Gold Miners ETF by 315.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock valued at $1,449,000 after purchasing an additional 14,585 shares during the period. Angeles Wealth Management LLC boosted its position in shares of VanEck Gold Miners ETF by 171.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock valued at $717,000 after purchasing an additional 6,000 shares during the period. Finally, Rockland Trust Co. purchased a new position in VanEck Gold Miners ETF in the 3rd quarter worth about $515,000.

VanEck Gold Miners ETF Trading Down 5.4%

Shares of GDX opened at $86.49 on Wednesday. The business’s 50-day moving average price is $89.16 and its 200 day moving average price is $90.19. The stock has a market capitalization of $26.66 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 1-year low of $69.74 and a 1-year high of $117.18.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.