VanEck Gold Miners ETF $GDX Stock Purchased by Moneco Advisors LLC

Moneco Advisors LLC grew its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,938 shares of the exchange traded fund’s stock after buying an additional 6,218 shares during the quarter. Moneco Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $4,424,000. Keybank National Association OH acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at $2,300,000. MKP Capital Management L.L.C. bought a new position in VanEck Gold Miners ETF during the third quarter valued at about $57,860,000. D.B. Root & Company LLC boosted its stake in VanEck Gold Miners ETF by 7.0% during the third quarter. D.B. Root & Company LLC now owns 10,721 shares of the exchange traded fund’s stock valued at $941,000 after buying an additional 697 shares in the last quarter. Finally, Equity Investment Corp bought a new position in VanEck Gold Miners ETF during the third quarter valued at about $201,000.

VanEck Gold Miners ETF Stock Down 5.4%

NYSEARCA: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 firm has a market cap of $26.66 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 52-week low of $69.74 and a 52-week high of $117.18.

VanEck Gold Miners ETF 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.