Well Done LLC Purchases 5,873 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Well Done LLC grew its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 46.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,507 shares of the exchange traded fund’s stock after purchasing an additional 5,873 shares during the quarter. Well Done LLC’s holdings in VanEck Gold Miners ETF were worth $737,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Beacon Capital Management LLC lifted its holdings in VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares during the period. LRI Investments LLC bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth about $28,000. Cedar Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Eagle Bay Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 95.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 575 shares in the last quarter. Finally, Studio Investment Management LLC grew its stake in VanEck Gold Miners ETF by 51.4% during the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 408 shares during the period.

VanEck Gold Miners ETF Stock Up 2.2 %

GDX traded up $0.91 during trading on Friday, hitting $42.40. The company’s stock had a trading volume of 2,575,982 shares, compared to its average volume of 22,287,508. The firm has a market capitalization of $16.95 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $42.44. The stock’s fifty day moving average price is $39.09 and its 200-day moving average price is $36.43.

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.