Darden Wealth Group Inc Makes New Investment in VanEck Gold Miners ETF $GDX

Darden Wealth Group Inc acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,788 shares of the exchange traded fund’s stock, valued at approximately $824,000.

Several other institutional investors and hedge funds have also modified their holdings of GDX. JPMorgan Chase & Co. grew its stake in VanEck Gold Miners ETF by 766.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after acquiring an additional 4,574,598 shares during the period. Slate Path Capital LP purchased a new stake in shares of VanEck Gold Miners ETF in the second quarter valued at $123,070,000. Rafferty Asset Management LLC increased its stake in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. Meitav Investment House Ltd. lifted its position in VanEck Gold Miners ETF by 3,846.2% during the third quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after buying an additional 700,000 shares during the period. Finally, Parker Investment Management LLC acquired a new stake in VanEck Gold Miners ETF in the 3rd quarter worth about $52,704,000.

VanEck Gold Miners ETF Price Performance

GDX opened at $106.26 on Friday. VanEck Gold Miners ETF has a 12 month low of $38.58 and a 12 month high of $113.50. The business has a 50-day moving average of $96.12 and a two-hundred day moving average of $80.21. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.