Guyasuta Investment Advisors Inc. Acquires 690 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Guyasuta Investment Advisors Inc. grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,270 shares of the exchange traded fund’s stock after acquiring an additional 690 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atomi Financial Group Inc. grew its holdings in shares of VanEck Gold Miners ETF by 5.5% in the fourth quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 462 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 12.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after purchasing an additional 1,301 shares in the last quarter. Tandem Financial LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $7,621,000. CWM LLC grew its holdings in shares of VanEck Gold Miners ETF by 55.8% in the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 6,694 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $438,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $41.08 on Friday. The firm has a fifty day moving average price of $37.18 and a 200 day moving average price of $38.23. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm has a market cap of $16.42 billion, a PE ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.