VanEck Gold Miners ETF $GDX Shares Bought by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,640 shares of the exchange traded fund’s stock after acquiring an additional 246 shares during the period. VanEck Gold Miners ETF makes up 2.5% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 15th biggest position. Pinnacle Wealth Management Group Inc.’s holdings in VanEck Gold Miners ETF were worth $4,354,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GDX. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in VanEck Gold Miners ETF by 7,098.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock valued at $94,731,000 after purchasing an additional 2,051,490 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in VanEck Gold Miners ETF by 3,010.4% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock valued at $89,100,000 after purchasing an additional 1,875,906 shares in the last quarter. National Bank of Canada FI grew its holdings in VanEck Gold Miners ETF by 8,656.1% during the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after purchasing an additional 1,360,475 shares in the last quarter. CSM Advisors LLC acquired a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $36,656,000. Finally, Banque Transatlantique SA acquired a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $25,011,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $72.80 on Friday. The firm has a market cap of $21.74 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $85.08. The firm has a fifty day moving average of $70.58 and a two-hundred day moving average of $58.06.

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.