Bard Associates Inc. Has $1.21 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Bard Associates Inc. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,415 shares of the exchange traded fund’s stock after selling 300 shares during the quarter. Bard Associates Inc.’s holdings in VanEck Gold Miners ETF were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GDX. Beacon Capital Management LLC raised its stake 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 valued at $25,000 after purchasing an additional 500 shares in the last quarter. LRI Investments LLC acquired a new position in VanEck Gold Miners ETF during the 1st quarter worth $28,000. Cedar Wealth Management LLC increased its position in VanEck Gold Miners ETF by 63.4% in the second 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 during the period. Aptus Capital Advisors LLC increased its stake in shares of 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 valued at $38,000 after acquiring an additional 329 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of 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 worth $40,000 after purchasing an additional 575 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $35.72 on Friday. The company has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $37.36. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The company has a market capitalization of $14.28 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.