VanEck Gold Miners ETF (NYSEARCA:GDX) Position Raised by Cedar Wealth Management LLC

Cedar Wealth Management LLC lifted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 63.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 874 shares of the exchange traded fund’s stock after acquiring an additional 339 shares during the period. Cedar Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $30,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Jane Street Group LLC grew its stake in shares of VanEck Gold Miners ETF by 649.7% in the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after purchasing an additional 14,046,913 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth about $104,346,000. Alaska Permanent Fund Corp lifted its stake in shares of VanEck Gold Miners ETF by 132.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock worth $124,594,000 after acquiring an additional 2,242,823 shares during the period. GLOBALT Investments LLC GA bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $58,686,000. Finally, National Bank of Canada FI increased its stake in shares of VanEck Gold Miners ETF by 89.0% during the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after acquiring an additional 1,842,885 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $39.73 on Friday. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $40.99. The stock has a market capitalization of $15.88 billion, a P/E ratio of 28.03 and a beta of 0.85. The firm’s 50 day moving average is $37.76 and its 200-day moving average is $34.95.

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.