Great Valley Advisor Group Inc. Purchases Shares of 5,660 VanEck Gold Miners ETF (NYSEARCA:GDX)

Great Valley Advisor Group Inc. purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,660 shares of the exchange traded fund’s stock, valued at approximately $225,000.

Several other institutional investors have also recently made changes to their positions in GDX. Beacon Capital Management LLC increased its stake in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. LRI Investments LLC purchased a new position in shares of VanEck Gold Miners ETF during the first quarter worth about $28,000. Cedar Wealth Management LLC increased its position in shares of VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $37.44 on Thursday. The firm has a 50 day simple moving average of $39.74 and a two-hundred day simple moving average of $37.59. The stock has a market cap of $14.97 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22.

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.