Studio Investment Management LLC Buys 629 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Studio Investment Management LLC grew its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 52.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,831 shares of the exchange traded fund’s stock after acquiring an additional 629 shares during the period. Studio Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $73,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. US Bancorp DE grew its position in VanEck Gold Miners ETF by 4.9% during the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 649 shares in the last quarter. Clearbridge Investments LLC lifted its position in VanEck Gold Miners ETF by 9.4% during the first quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock worth $550,000 after purchasing an additional 1,500 shares during the period. CreativeOne Wealth LLC acquired a new stake in VanEck Gold Miners ETF during the first quarter worth about $374,000. Quadrature Capital Ltd acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at approximately $1,792,000. Finally, LRI Investments LLC bought a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $31,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $38.27 on Friday. The business has a fifty day moving average price of $39.84 and a two-hundred day moving average price of $37.51. The stock has a market capitalization of $15.30 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22.

VanEck Gold Miners ETF Company 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.