12,777 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Purchased by Miller Financial Services LLC

Miller Financial Services LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,777 shares of the exchange traded fund’s stock, valued at approximately $433,000.

A number of other institutional investors have also added to or reduced their stakes in GDX. Pettinga Financial Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 1.5% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 45,322 shares of the exchange traded fund’s stock valued at $1,805,000 after acquiring an additional 675 shares during the period. Axxcess Wealth Management LLC boosted its position in VanEck Gold Miners ETF by 3.7% during the third quarter. Axxcess Wealth Management LLC now owns 131,666 shares of the exchange traded fund’s stock valued at $5,243,000 after purchasing an additional 4,692 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in VanEck Gold Miners ETF by 17.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 65,010 shares of the exchange traded fund’s stock valued at $2,589,000 after purchasing an additional 9,656 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 22.9% in the third quarter. Apollon Wealth Management LLC now owns 44,093 shares of the exchange traded fund’s stock worth $1,756,000 after purchasing an additional 8,228 shares in the last quarter. Finally, Platform Technology Partners lifted its position in shares of VanEck Gold Miners ETF by 516.7% during the third quarter. Platform Technology Partners now owns 37,000 shares of the exchange traded fund’s stock valued at $1,473,000 after buying an additional 31,000 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $40.51 on Tuesday. The company’s 50-day simple moving average is $38.83 and its 200-day simple moving average is $38.66. VanEck Gold Miners ETF has a fifty-two week low of $28.91 and a fifty-two week high of $44.22. The stock has a market capitalization of $13.63 billion, a P/E ratio of 22.76 and a beta of 0.96.

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.