Guild Investment Management Inc. Has $2.94 Million Stock Position in VanEck Gold Miners ETF $GDX

Guild Investment Management Inc. lifted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,419 shares of the exchange traded fund’s stock after purchasing an additional 2,247 shares during the period. VanEck Gold Miners ETF accounts for approximately 2.6% of Guild Investment Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Guild Investment Management Inc.’s holdings in VanEck Gold Miners ETF were worth $2,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American National Bank & Trust bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at $68,000. Integrity Alliance LLC. acquired a new stake in VanEck Gold Miners ETF during the first quarter worth about $254,000. Banque Pictet & Cie SA grew its stake in VanEck Gold Miners ETF by 1.5% during the second quarter. Banque Pictet & Cie SA now owns 66,000 shares of the exchange traded fund’s stock worth $3,436,000 after buying an additional 1,000 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in VanEck Gold Miners ETF in the 2nd quarter valued at about $569,000. Finally, Modera Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at approximately $404,000.

VanEck Gold Miners ETF Trading Down 2.1%

Shares of VanEck Gold Miners ETF stock opened at $76.97 on Wednesday. The company has a market cap of $22.41 billion, a PE ratio of 21.70 and a beta of 0.77. The company has a 50 day moving average of $65.08 and a 200-day moving average of $55.18. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $79.49.

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.