IronBridge Private Wealth LLC boosted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 38.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,397 shares of the exchange traded fund’s stock after purchasing an additional 42,164 shares during the quarter. VanEck Gold Miners ETF comprises about 4.0% of IronBridge Private Wealth LLC’s investment portfolio, making the stock its 5th largest position. IronBridge Private Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $13,380,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Avalon Trust Co purchased a new position in VanEck Gold Miners ETF in the first quarter worth about $26,000. Hickory Point Bank & Trust purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at $30,000. Signature Equity Partners LLC purchased a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at $33,000. Eastern Bank purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth about $53,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $67,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX opened at $87.60 on Monday. The firm has a market capitalization of $27.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70. The company has a 50-day moving average of $89.57 and a 200 day moving average of $90.34. VanEck Gold Miners ETF has a 1-year low of $69.74 and a 1-year high of $117.18.
About VanEck Gold Miners ETF
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.
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