Boston Financial Mangement LLC Acquires New Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Boston Financial Mangement LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, HoldingsChannel reports. The firm bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $398,000.

Several other institutional investors have also recently made changes to their positions in the stock. Inscription Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $211,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of VanEck Gold Miners ETF by 4.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 26,351 shares of the exchange traded fund’s stock worth $1,049,000 after purchasing an additional 1,161 shares during the period. Leuthold Group LLC bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth $870,000. Kercheville Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 8.6% in the third quarter. Kercheville Advisors LLC now owns 190,360 shares of the exchange traded fund’s stock worth $7,580,000 after purchasing an additional 15,050 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its holdings in shares of VanEck Gold Miners ETF by 25,118.4% in the third quarter. Riggs Asset Managment Co. Inc. now owns 129,875 shares of the exchange traded fund’s stock worth $5,172,000 after purchasing an additional 129,360 shares during the period.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $42.00 on Wednesday. The stock has a market cap of $16.79 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm’s fifty day moving average price is $39.87 and its 200-day moving average price is $36.99.

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.