Lunt Capital Management Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the second quarter, Holdings Channel reports. The institutional investor purchased 6,471 shares of the exchange traded fund’s stock, valued at approximately $337,000.
Other hedge funds also recently made changes to their positions in the company. Hurley Capital LLC acquired a new stake in VanEck Gold Miners ETF during the first quarter valued at approximately $26,000. Hoey Investments Inc. increased its holdings in shares of VanEck Gold Miners ETF by 71.0% in the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 213 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of VanEck Gold Miners ETF in the second quarter valued at $34,000. EQ Wealth Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at $42,000. Finally, NorthRock Partners LLC boosted its stake in shares of VanEck Gold Miners ETF by 69.1% during the 1st quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 380 shares in the last quarter.
VanEck Gold Miners ETF Stock Down 1.2%
Shares of NYSEARCA GDX opened at $78.45 on Wednesday. The stock’s fifty day simple moving average is $67.50 and its 200 day simple moving average is $56.31. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $79.49.
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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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