HB Wealth Management LLC Has $1.93 Million Position in VanEck Gold Miners ETF $GDX

HB Wealth Management LLC increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 236.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,984 shares of the exchange traded fund’s stock after acquiring an additional 14,743 shares during the period. HB Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,926,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in GDX. AQR Capital Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 106.2% in the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 12,408 shares during the period. Invesco Ltd. bought a new stake in VanEck Gold Miners ETF in the second quarter valued at approximately $31,236,000. Natixis boosted its stake in shares of VanEck Gold Miners ETF by 196.1% during the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $846,000.

VanEck Gold Miners ETF Trading Down 0.2%

GDX stock opened at $78.61 on Tuesday. VanEck Gold Miners ETF has a 1-year low of $50.35 and a 1-year high of $117.18. The business’s 50 day simple moving average is $84.67 and its 200 day simple moving average is $92.56. The firm has a market capitalization of $23.74 billion, a PE ratio of 21.70 and a beta of 0.65.

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.