Wilmington Savings Fund Society FSB Acquires Shares of 22,486 VanEck Gold Miners ETF (NYSEARCA:GDX)

Wilmington Savings Fund Society FSB bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 22,486 shares of the exchange traded fund’s stock, valued at approximately $895,000.

Several other institutional investors and hedge funds have also made changes to their positions in GDX. Brookstone Capital Management boosted its holdings in shares of VanEck Gold Miners ETF by 75.6% in the second quarter. Brookstone Capital Management now owns 36,618 shares of the exchange traded fund’s stock valued at $1,242,000 after purchasing an additional 15,765 shares during the period. Western Wealth Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 10.9% in the 2nd quarter. Western Wealth Management LLC now owns 16,515 shares of the exchange traded fund’s stock worth $560,000 after buying an additional 1,629 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of VanEck Gold Miners ETF by 4.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 19,606 shares of the exchange traded fund’s stock worth $665,000 after buying an additional 899 shares in the last quarter. Meridian Investment Counsel Inc. bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth $204,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of VanEck Gold Miners ETF by 5.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 923,771 shares of the exchange traded fund’s stock valued at $31,344,000 after buying an additional 49,523 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $36.65 on Friday. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The company has a 50-day moving average of $39.03 and a 200 day moving average of $37.73. The firm has a market cap of $14.65 billion, a PE ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Profile

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.