Indie Asset Partners LLC Acquires 3,808 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Indie Asset Partners LLC grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,708 shares of the exchange traded fund’s stock after purchasing an additional 3,808 shares during the quarter. Indie Asset Partners LLC’s holdings in VanEck Gold Miners ETF were worth $586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 202.4% during the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares during the period. LRI Investments LLC acquired a new position in VanEck Gold Miners ETF in the 1st quarter valued at $28,000. Cedar Wealth Management LLC increased its position in VanEck Gold Miners ETF by 63.4% during the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 339 shares during the period. Eagle Bay Advisors LLC increased its position in 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 worth $40,000 after buying an additional 575 shares during the period. Finally, Studio Investment Management LLC lifted its holdings in shares of 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 buying an additional 408 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $39.85 on Friday. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The stock has a market cap of $15.93 billion, a PE ratio of 28.03 and a beta of 0.85. The firm has a 50-day moving average of $39.95 and a 200-day moving average of $37.09.

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.