Hengehold Capital Management LLC Buys Shares of 7,793 VanEck Gold Miners ETF $GDX

Hengehold Capital Management LLC 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 Securities and Exchange Commission. The fund purchased 7,793 shares of the exchange traded fund’s stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GDX. Highline Wealth Partners LLC lifted its stake in shares of VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 135 shares during the period. Hoey Investments Inc. increased its holdings in VanEck Gold Miners ETF by 71.0% during the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 213 shares during the last quarter. Creekmur Asset Management LLC raised its position in VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 362 shares during the period. RMG Wealth Management LLC bought a new position in VanEck Gold Miners ETF in the second quarter worth approximately $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth $35,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $91.29 on Friday. The company has a market cap of $27.41 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $91.67. The firm has a fifty day moving average price of $78.97 and a 200-day moving average price of $67.67.

VanEck Gold Miners ETF Company 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.