Belvedere Trading LLC Invests $224,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Belvedere Trading LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,595 shares of the exchange traded fund’s stock, valued at approximately $224,000.

Several other institutional investors also recently modified their holdings of GDX. Creative Planning grew its holdings in shares of VanEck Gold Miners ETF by 0.8% during the 3rd quarter. Creative Planning now owns 88,222 shares of the exchange traded fund’s stock worth $3,513,000 after purchasing an additional 711 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $224,000. Blue Trust Inc. grew its holdings in shares of VanEck Gold Miners ETF by 88.1% during the 3rd quarter. Blue Trust Inc. now owns 2,110 shares of the exchange traded fund’s stock worth $84,000 after purchasing an additional 988 shares in the last quarter. Raymond James & Associates boosted its stake in VanEck Gold Miners ETF by 6.2% in the 3rd quarter. Raymond James & Associates now owns 931,421 shares of the exchange traded fund’s stock valued at $37,089,000 after buying an additional 54,098 shares in the last quarter. Finally, Carrhae Capital LLP acquired a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $43,073,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $41.08 on Tuesday. The stock’s fifty day simple moving average is $37.24 and its 200 day simple moving average is $38.27. The firm has a market cap of $16.42 billion, a price-to-earnings 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.

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.