NewEdge Advisors LLC Boosts Stock Position in VanEck Gold Miners ETF $GDX

NewEdge Advisors LLC boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.0% in the second quarter, HoldingsChannel.com reports. The firm owned 230,834 shares of the exchange traded fund’s stock after acquiring an additional 22,884 shares during the period. NewEdge Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $17,416,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Avalon Trust Co bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $26,000. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Bayban purchased a new stake in VanEck Gold Miners ETF during the fourth quarter valued at approximately $27,000. Princeton Global Asset Management LLC acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $33,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $96.03 on Friday. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 1-year low of $67.25 and a 1-year high of $117.18. The business has a fifty day moving average price of $86.21 and a 200-day moving average price of $89.16.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.