Thrivent Financial for Lutherans Makes New Investment in VanEck Gold Miners ETF $GDX

Thrivent Financial for Lutherans acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,176 shares of the exchange traded fund’s stock, valued at approximately $3,792,000.

Several other large investors have also recently bought and sold shares of GDX. Constant Guidance Financial LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth $1,433,000. Advisory Alpha LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of VanEck Gold Miners ETF in the third quarter worth $848,000. Vestmark Advisory Solutions Inc. acquired a new position in shares of VanEck Gold Miners ETF in the third quarter worth $3,649,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 15.6% in the third quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock worth $2,706,000 after acquiring an additional 4,778 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 1.1%

NYSEARCA GDX opened at $85.02 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $49.34 and a fifty-two week high of $117.18. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. The business has a fifty day moving average of $91.80 and a 200-day moving average of $91.84.

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.