VanEck Gold Miners ETF $GDX Shares Newly Acquired by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,415 shares of the exchange traded fund’s stock, valued at approximately $1,529,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MCF Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 2.8% in the 2nd quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 100 shares during the last quarter. Midwest Trust Co raised its holdings in shares of VanEck Gold Miners ETF by 2.8% during the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock valued at $383,000 after acquiring an additional 115 shares during the last quarter. Conservest Capital Advisors Inc. raised its holdings in shares of VanEck Gold Miners ETF by 4.1% during the first quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 123 shares during the last quarter. LifeGoal Investments LLC raised its holdings in shares of VanEck Gold Miners ETF by 3.2% during the second quarter. LifeGoal Investments LLC now owns 4,917 shares of the exchange traded fund’s stock valued at $371,000 after acquiring an additional 152 shares during the last quarter. Finally, Ballew Advisors Inc lifted its position in shares of VanEck Gold Miners ETF by 2.2% in the third quarter. Ballew Advisors Inc now owns 7,503 shares of the exchange traded fund’s stock valued at $659,000 after acquiring an additional 163 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $87.02 on Friday. The stock’s 50 day simple moving average is $93.67 and its 200-day simple moving average is $87.83. The company has a market cap of $26.21 billion, a PE ratio of 21.70 and a beta of 0.68. VanEck Gold Miners ETF has a 1-year low of $68.13 and a 1-year high of $117.18.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.