Blue Trust Inc. Increases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Blue Trust Inc. grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 88.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,110 shares of the exchange traded fund’s stock after acquiring an additional 988 shares during the period. Blue Trust Inc.’s holdings in VanEck Gold Miners ETF were worth $84,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Beacon Capital Management LLC grew its stake in shares of VanEck Gold Miners ETF by 202.4% during 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. LRI Investments LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter worth $28,000. Cedar Wealth Management LLC raised 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 valued at $30,000 after purchasing an additional 339 shares during the period. Eagle Bay Advisors LLC lifted its stake 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 valued at $40,000 after buying an additional 575 shares in the last quarter. Finally, Studio Investment Management LLC boosted its holdings 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 worth $41,000 after buying an additional 408 shares during the period.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $42.00 on Wednesday. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The business has a 50 day simple moving average of $39.87 and a two-hundred day simple moving average of $36.99. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF 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.