MH & Associates Securities Management Corp ADV acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,238 shares of the exchange traded fund’s stock, valued at approximately $2,918,000. VanEck Gold Miners ETF makes up about 2.5% of MH & Associates Securities Management Corp ADV’s investment portfolio, making the stock its 18th biggest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Associated Banc Corp acquired a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $11,292,000. Integrity Alliance LLC. bought a new position in VanEck Gold Miners ETF in the third quarter worth approximately $3,010,000. Integrity Advisory Solutions LLC acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $306,000. BOCHK Asset Management Ltd acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $88,000. Finally, Signature Equity Partners LLC acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $33,000.
VanEck Gold Miners ETF Stock Up 9.0%
NYSEARCA GDX opened at $84.59 on Thursday. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 52 week low of $69.48 and a 52 week high of $117.18. The business has a 50 day moving average price of $90.22 and a 200-day moving average price of $90.47.
About VanEck Gold Miners ETF
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.
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