Foster & Motley Inc. Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Foster & Motley Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,106 shares of the exchange traded fund’s stock, valued at approximately $282,000.

Several other hedge funds also recently modified their holdings of GDX. Capital Investment Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 4.8% in the third quarter. Capital Investment Advisors LLC now owns 11,077 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 503 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of VanEck Gold Miners ETF by 3.1% in the third quarter. DAVENPORT & Co LLC now owns 63,643 shares of the exchange traded fund’s stock valued at $1,713,000 after purchasing an additional 1,919 shares in the last quarter. CX Institutional acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $12,700,000. Whitcomb & Hess Inc. grew its holdings in VanEck Gold Miners ETF by 2.2% during the 3rd quarter. Whitcomb & Hess Inc. now owns 226,738 shares of the exchange traded fund’s stock worth $6,102,000 after acquiring an additional 4,796 shares during the period. Finally, Bridge Advisory LLC grew its holdings in VanEck Gold Miners ETF by 5.3% during the 3rd quarter. Bridge Advisory LLC now owns 291,597 shares of the exchange traded fund’s stock worth $7,847,000 after acquiring an additional 14,693 shares during the period.

VanEck Gold Miners ETF Stock Performance

GDX opened at $33.12 on Thursday. The company has a fifty day moving average price of $30.35 and a two-hundred day moving average price of $29.56. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $36.26. The firm has a market capitalization of $13.85 billion, a PE ratio of 28.20 and a beta of 0.81.

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.