Spire Wealth Management Raises Stock Holdings in VanEck Gold Miners ETF $GDX

Spire Wealth Management raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 31.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,061 shares of the exchange traded fund’s stock after purchasing an additional 5,746 shares during the period. Spire Wealth Management’s holdings in VanEck Gold Miners ETF were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GDX. JPMorgan Chase & Co. lifted its position in shares of VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares during the last quarter. Slate Path Capital LP purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $123,070,000. Rafferty Asset Management LLC raised its stake in shares of VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares in the last quarter. Teacher Retirement System of Texas lifted its position in VanEck Gold Miners ETF by 99.1% during the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock valued at $67,990,000 after acquiring an additional 650,000 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in VanEck Gold Miners ETF during the second quarter valued at approximately $31,236,000.

VanEck Gold Miners ETF Stock Up 1.1%

Shares of GDX opened at $92.56 on Friday. The company has a 50 day moving average of $82.09 and a two-hundred day moving average of $70.02. VanEck Gold Miners ETF has a twelve month low of $35.10 and a twelve month high of $93.17. The company has a market cap of $27.76 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

VanEck Gold Miners ETF Company 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.