GFS Advisors LLC Boosts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

GFS Advisors LLC grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 2,878.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 52,427 shares of the exchange traded fund’s stock after acquiring an additional 50,667 shares during the period. GFS Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morton Capital Management LLC CA grew its holdings in shares of VanEck Gold Miners ETF by 0.3% during the 2nd quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock worth $3,007,000 after acquiring an additional 287 shares during the period. Mather Group LLC. boosted its position in shares of VanEck Gold Miners ETF by 21.3% in the 2nd quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 288 shares in the last quarter. Summit Wealth Partners LLC boosted its position in shares of VanEck Gold Miners ETF by 3.6% in the 3rd quarter. Summit Wealth Partners LLC now owns 8,621 shares of the exchange traded fund’s stock worth $343,000 after purchasing an additional 298 shares in the last quarter. Cedar Wealth Management LLC boosted its position in shares of VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Finally, IAM Advisory LLC boosted its position in shares of VanEck Gold Miners ETF by 0.7% in the 2nd quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock worth $1,655,000 after purchasing an additional 341 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.2 %

Shares of GDX opened at $39.85 on Friday. The business’s 50 day moving average price is $39.95 and its 200-day moving average price is $37.09. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The stock has a market cap of $15.93 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.