Fortis Group Advisors LLC Acquires 27,815 Shares of VanEck Gold Miners ETF $GDX

Fortis Group Advisors LLC boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 182.4% in the third quarter, HoldingsChannel reports. The firm owned 43,067 shares of the exchange traded fund’s stock after purchasing an additional 27,815 shares during the quarter. Fortis Group Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GDX. JPMorgan Chase & Co. grew its stake in VanEck Gold Miners ETF by 766.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares during the last quarter. Slate Path Capital LP bought a new position in shares of VanEck Gold Miners ETF during the second quarter worth approximately $123,070,000. Rafferty Asset Management LLC lifted its holdings in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. Meitav Investment House Ltd. increased its position in VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after buying an additional 700,000 shares during the period. Finally, Parker Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $52,704,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $100.25 on Wednesday. The firm has a 50-day moving average of $94.97 and a 200-day moving average of $79.53. VanEck Gold Miners ETF has a 52-week low of $38.58 and a 52-week high of $113.50. The stock has a market cap of $30.59 billion, a PE ratio of 21.70 and a beta of 0.55.

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.