Good Life Advisors LLC Invests $224,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Good Life Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,630 shares of the exchange traded fund’s stock, valued at approximately $224,000.

A number of other hedge funds have also made changes to their positions in GDX. Jane Street Group LLC boosted its holdings in 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 during the period. Capitolis Liquid Global Markets LLC acquired a new position in VanEck Gold Miners ETF in the first quarter worth $104,346,000. National Bank of Canada FI boosted its holdings in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after purchasing an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC boosted its holdings in VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after purchasing an additional 1,673,315 shares during the period. Finally, Blackstone Inc. acquired a new position in VanEck Gold Miners ETF in the first quarter worth $41,106,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $43.15 on Monday. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $43.31. The stock’s fifty day moving average is $39.24 and its two-hundred day moving average is $36.53.

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.