Edgestream Partners L.P. acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,158 shares of the exchange traded fund’s stock, valued at approximately $582,000.
Other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC raised its stake in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Atwood & Palmer Inc. bought a new position in shares of VanEck Gold Miners ETF in the first quarter valued at about $27,000. LRI Investments LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth about $28,000. Eagle Bay Advisors LLC boosted its holdings in shares of VanEck Gold Miners ETF by 95.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 575 shares during the period. Finally, Studio Investment Management LLC grew its stake in VanEck Gold Miners ETF by 51.4% in the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 408 shares during the last quarter.
VanEck Gold Miners ETF Stock Up 2.0 %
Shares of GDX stock opened at $40.51 on Monday. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $40.99. The company has a market capitalization of $16.19 billion, a PE ratio of 28.03 and a beta of 0.85. The firm has a 50 day moving average price of $37.84 and a two-hundred day moving average price of $35.16.
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.
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