Pathway Financial Advisors LLC Acquires Shares of 5,500 VanEck Gold Miners ETF (NYSEARCA:GDX)

Pathway Financial Advisors LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,500 shares of the exchange traded fund’s stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of the business. Morton Capital Management LLC CA grew its position in VanEck Gold Miners ETF by 0.3% in the 2nd quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock valued at $3,007,000 after acquiring an additional 287 shares during the last quarter. Mather Group LLC. grew its position in shares of VanEck Gold Miners ETF by 21.3% during the 2nd quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 288 shares in the last quarter. Cedar Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF by 63.4% during the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 339 shares in the last quarter. IAM Advisory LLC grew its position in shares of VanEck Gold Miners ETF by 0.7% during the 2nd quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock worth $1,655,000 after buying an additional 341 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock worth $344,000 after buying an additional 366 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 0.1 %

GDX opened at $38.99 on Wednesday. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $41.95. The business’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $36.04. The company has a market capitalization of $15.59 billion, a price-to-earnings 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.