New Harbor Financial Group LLC Makes New Investment in VanEck Gold Miners ETF $GDX

New Harbor Financial Group LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 585,790 shares of the exchange traded fund’s stock, valued at approximately $51,432,000. VanEck Gold Miners ETF accounts for approximately 7.7% of New Harbor Financial Group LLC’s holdings, making the stock its largest holding.

Other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 2.8% in the second quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 100 shares during the period. Midwest Trust Co raised its stake 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 stake 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. CWA Asset Management Group LLC boosted its holdings in shares of VanEck Gold Miners ETF by 1.9% during the third quarter. CWA Asset Management Group LLC now owns 7,027 shares of the exchange traded fund’s stock worth $617,000 after purchasing an additional 133 shares during the period. Finally, Miller Financial Services LLC boosted its holdings in shares of VanEck Gold Miners ETF by 1.8% during the third quarter. Miller Financial Services LLC now owns 8,352 shares of the exchange traded fund’s stock worth $733,000 after purchasing an additional 145 shares during the period.

VanEck Gold Miners ETF Stock Down 1.8%

Shares of VanEck Gold Miners ETF stock traded down $1.49 during trading on Friday, reaching $80.20. 19,626,246 shares of the stock were exchanged, compared to its average volume of 24,236,016. The firm has a market cap of $24.59 billion, a price-to-earnings 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. The stock’s fifty day moving average is $93.05 and its 200 day moving average is $87.54.

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.