LRI Investments LLC Buys New Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

LRI Investments LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 1st quarter, Holdings Channel reports. The institutional investor bought 900 shares of the exchange traded fund’s stock, valued at approximately $31,000.

Several other institutional investors have also recently added to or reduced their stakes in GDX. Global Retirement Partners LLC grew its holdings in VanEck Gold Miners ETF by 14.3% in the 4th quarter. Global Retirement Partners LLC now owns 8,777 shares of the exchange traded fund’s stock valued at $249,000 after buying an additional 1,096 shares during the period. apricus wealth LLC grew its holdings in VanEck Gold Miners ETF by 6.4% in the 4th quarter. apricus wealth LLC now owns 8,300 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 500 shares during the period. Parsons Capital Management Inc. RI grew its holdings in VanEck Gold Miners ETF by 15.1% in the 4th quarter. Parsons Capital Management Inc. RI now owns 105,121 shares of the exchange traded fund’s stock valued at $3,260,000 after buying an additional 13,828 shares during the period. Drive Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at about $208,000. Finally, Lake Hills Wealth Management LLC grew its holdings in VanEck Gold Miners ETF by 19.9% in the 4th quarter. Lake Hills Wealth Management LLC now owns 109,518 shares of the exchange traded fund’s stock valued at $3,396,000 after buying an additional 18,172 shares during the period.

VanEck Gold Miners ETF Price Performance

GDX opened at $36.62 on Monday. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The business has a 50-day moving average of $35.49 and a two-hundred day moving average of $32.24. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $39.41.

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.