Janney Montgomery Scott LLC Purchases 50,945 Shares of VanEck Gold Miners ETF $GDX

Janney Montgomery Scott LLC raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 248,335 shares of the exchange traded fund’s stock after buying an additional 50,945 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of VanEck Gold Miners ETF worth $22,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of GDX. MFA Wealth Services boosted its holdings in shares of VanEck Gold Miners ETF by 12.0% in the 1st quarter. MFA Wealth Services now owns 6,661 shares of the exchange traded fund’s stock worth $611,000 after acquiring an additional 715 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in VanEck Gold Miners ETF by 8.0% during the 1st quarter. Wesbanco Bank Inc. now owns 9,772 shares of the exchange traded fund’s stock valued at $897,000 after purchasing an additional 720 shares in the last quarter. Drum Hill Capital LLC increased its holdings in VanEck Gold Miners ETF by 11.9% during the 1st quarter. Drum Hill Capital LLC now owns 64,748 shares of the exchange traded fund’s stock valued at $5,942,000 after purchasing an additional 6,903 shares in the last quarter. Maseco LLP increased its holdings in VanEck Gold Miners ETF by 2.4% during the 1st quarter. Maseco LLP now owns 24,069 shares of the exchange traded fund’s stock valued at $2,208,000 after purchasing an additional 558 shares in the last quarter. Finally, Davidson Trust Co. bought a new position in VanEck Gold Miners ETF in the 1st quarter valued at $200,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $75.68 on Tuesday. The firm has a market cap of $23.32 billion, a P/E ratio of 21.70 and a beta of 0.60. The business’s fifty day moving average is $86.53 and its two-hundred day moving average is $92.83. VanEck Gold Miners ETF has a 52 week low of $50.35 and a 52 week high of $117.18.

About VanEck Gold Miners ETF

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.