Elevation Point Wealth Partners LLC Grows Stake in VanEck Gold Miners ETF $GDX

Elevation Point Wealth Partners LLC grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 78.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,985 shares of the exchange traded fund’s stock after buying an additional 45,827 shares during the period. Elevation Point Wealth Partners LLC’s holdings in VanEck Gold Miners ETF were worth $9,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. AQR Capital Management LLC raised its holdings in 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 worth $1,107,000 after purchasing an additional 12,408 shares in the last quarter. Invesco Ltd. purchased a new stake in VanEck Gold Miners ETF in the second quarter worth about $31,236,000. Natixis lifted its holdings in VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after buying an additional 17,716 shares during the period. Qube Research & Technologies Ltd boosted its position in 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 valued at $1,894,000 after acquiring an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in VanEck Gold Miners ETF during the 2nd quarter valued at approximately $846,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $78.43 on Friday. VanEck Gold Miners ETF has a 52-week low of $50.35 and a 52-week high of $117.18. The firm has a market capitalization of $23.60 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock has a 50 day moving average price of $85.26 and a 200-day moving average price of $92.65.

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.