Thor Investment Management Inc. OH ADV Makes New Investment in VanEck Gold Miners ETF $GDX

Thor Investment Management Inc. OH ADV acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,175 shares of the exchange traded fund’s stock, valued at approximately $2,474,000. VanEck Gold Miners ETF makes up about 1.4% of Thor Investment Management Inc. OH ADV’s investment portfolio, making the stock its 20th largest position.

Several other large investors have also added to or reduced their stakes in the stock. Steel Grove Capital Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 1.0% during the third quarter. Steel Grove Capital Advisors LLC now owns 73,731 shares of the exchange traded fund’s stock valued at $6,474,000 after buying an additional 758 shares during the period. Moulton Wealth Management Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 13.7% in the third quarter. Moulton Wealth Management Inc. now owns 33,641 shares of the exchange traded fund’s stock worth $2,918,000 after buying an additional 4,065 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the third quarter worth about $259,000. Baldwin Wealth Partners LLC MA bought a new position in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $2,075,000. Finally, Armstrong Advisory Group Inc. boosted its position in shares of VanEck Gold Miners ETF by 4,710.9% in the third quarter. Armstrong Advisory Group Inc. now owns 287,930 shares of the exchange traded fund’s stock valued at $25,280,000 after acquiring an additional 281,945 shares during the period.

VanEck Gold Miners ETF Stock Down 1.5%

NYSEARCA:GDX traded down $1.29 during mid-day trading on Tuesday, hitting $87.24. 15,134,477 shares of the stock traded hands, compared to its average volume of 24,394,738. The business’s 50-day moving average price is $93.42 and its 200 day moving average price is $87.81. The company has a market cap of $26.28 billion, a PE ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 12-month low of $68.13 and a 12-month 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.