Confluence Investment Management LLC grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,315 shares of the exchange traded fund’s stock after purchasing an additional 6,624 shares during the period. Confluence Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $5,305,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Rathbones Group PLC boosted its position in VanEck Gold Miners ETF by 19.8% during the first quarter. Rathbones Group PLC now owns 10,431 shares of the exchange traded fund’s stock worth $957,000 after acquiring an additional 1,727 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the first quarter worth $934,000. WNY Asset Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $548,000. Segall Bryant & Hamill LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $233,000. Finally, Arete Wealth Advisors LLC increased its stake in VanEck Gold Miners ETF by 16.6% in the first quarter. Arete Wealth Advisors LLC now owns 31,601 shares of the exchange traded fund’s stock valued at $2,895,000 after purchasing an additional 4,508 shares during the last quarter.
VanEck Gold Miners ETF Trading Up 2.5%
NYSEARCA GDX opened at $77.92 on Wednesday. The business’s 50-day moving average price is $78.21 and its 200 day moving average price is $90.31. VanEck Gold Miners ETF has a twelve month low of $54.57 and a twelve month high of $117.18. The company has a market capitalization of $23.77 billion, a PE ratio of 21.70 and a beta of 0.65.
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.
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