Summit Wealth Partners LLC Buys 298 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Summit Wealth Partners LLC increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,621 shares of the exchange traded fund’s stock after purchasing an additional 298 shares during the quarter. Summit Wealth Partners LLC’s holdings in VanEck Gold Miners ETF were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GDX. Jane Street Group LLC increased its stake in shares of VanEck Gold Miners ETF by 649.7% in the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock valued at $512,530,000 after buying an additional 14,046,913 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in VanEck Gold Miners ETF in the first quarter worth about $104,346,000. National Bank of Canada FI raised its holdings in VanEck Gold Miners ETF by 89.0% during the 2nd quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after purchasing an additional 1,842,885 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in VanEck Gold Miners ETF by 3,646.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock valued at $58,333,000 after purchasing an additional 1,673,315 shares during the period. Finally, Blackstone Inc. bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $41,106,000.

VanEck Gold Miners ETF Price Performance

GDX opened at $40.34 on Friday. The firm has a 50 day simple moving average of $39.94 and a 200 day simple moving average of $37.04. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.