VanEck Gold Miners ETF $GDX Shares Acquired by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC grew its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,487 shares of the exchange traded fund’s stock after acquiring an additional 650 shares during the quarter. Harbor Investment Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GK Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $307,000. Westbourne Investments Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $313,000. Fortis Capital Advisors LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $1,801,000. Belpointe Asset Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 124.5% during the 1st quarter. Belpointe Asset Management LLC now owns 81,209 shares of the exchange traded fund’s stock valued at $3,733,000 after buying an additional 45,034 shares during the period. Finally, Integrity Alliance LLC. purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $254,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $69.75 on Friday. The company has a market cap of $20.42 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $70.11. The business’s 50-day simple moving average is $57.79 and its 200 day simple moving average is $51.45.

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.