Orion Portfolio Solutions LLC Has $532,000 Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Orion Portfolio Solutions LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.2% during the third quarter, Holdings Channel.com reports. The fund owned 13,365 shares of the exchange traded fund’s stock after buying an additional 1,455 shares during the period. Orion Portfolio Solutions LLC’s holdings in VanEck Gold Miners ETF were worth $532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $76,065,000. National Bank of Canada FI lifted its stake in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after buying an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC lifted its stake in VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock valued at $58,333,000 after buying an additional 1,673,315 shares during the period. Carrhae Capital LLP acquired a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $43,073,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in VanEck Gold Miners ETF in the third quarter valued at approximately $35,838,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $36.18 on Wednesday. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The business’s 50 day moving average price is $38.92 and its two-hundred day moving average price is $37.76. The firm has a market cap of $14.46 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.