Cidel Asset Management Inc. Purchases 7,287 Shares of VanEck Gold Miners ETF $GDX

Cidel Asset Management Inc. boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 65.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,504 shares of the exchange traded fund’s stock after buying an additional 7,287 shares during the period. Cidel Asset Management Inc.’s holdings in VanEck Gold Miners ETF were worth $1,698,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $27,000. Bayban acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $27,000. Morton Brown Family Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $36,000. Hantz Financial Services Inc. increased its position in VanEck Gold Miners ETF by 298.2% in the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 337 shares in the last quarter. Finally, Roble Belko & Company Inc increased its position in VanEck Gold Miners ETF by 2,913.3% in the 1st quarter. Roble Belko & Company Inc now owns 452 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 437 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 4.6%

NYSEARCA GDX opened at $77.66 on Wednesday. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The business has a 50 day moving average price of $88.37 and a 200-day moving average price of $92.98.

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.