VanEck Gold Miners ETF $GDX Stock: Secure Asset Management LLC Raises Holdings

Secure Asset Management LLC lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 66.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,840 shares of the exchange traded fund’s stock after purchasing an additional 8,314 shares during the quarter. Secure Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE increased its stake in VanEck Gold Miners ETF by 11.5% in the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock valued at $765,849,000 after buying an additional 858,716 shares during the period. Bank of Nova Scotia lifted its position in VanEck Gold Miners ETF by 282.0% in the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after buying an additional 1,987,920 shares in the last quarter. Meitav Investment House Ltd. lifted its position in VanEck Gold Miners ETF by 68.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after buying an additional 493,000 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at $84,873,000. Finally, IMC Chicago LLC boosted its stake in shares of VanEck Gold Miners ETF by 1,264.4% during the 1st quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock valued at $64,053,000 after buying an additional 646,817 shares during the period.

VanEck Gold Miners ETF Stock Down 1.4%

VanEck Gold Miners ETF stock opened at $86.47 on Tuesday. The company’s fifty day simple moving average is $93.54 and its 200-day simple moving average is $87.81. VanEck Gold Miners ETF has a 12 month low of $68.13 and a 12 month high of $117.18. The stock has a market cap of $26.30 billion, a P/E ratio of 21.70 and a beta of 0.68.

About VanEck Gold Miners ETF

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.