TrinityPoint Wealth LLC Invests $213,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

TrinityPoint Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,359 shares of the exchange traded fund’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Beacon Capital Management LLC boosted its position in shares of VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the period. LRI Investments LLC purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at $28,000. Cedar Wealth Management LLC boosted its holdings in 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 buying an additional 339 shares during the period. Aptus Capital Advisors LLC increased its stake in VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 329 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 575 shares during the period.

VanEck Gold Miners ETF Stock Up 4.3 %

Shares of VanEck Gold Miners ETF stock opened at $37.04 on Tuesday. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The stock’s 50-day simple moving average is $39.88 and its 200-day simple moving average is $37.45. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Profile

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.