Arlington Trust Co LLC Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Arlington Trust Co LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,520 shares of the exchange traded fund’s stock, valued at approximately $100,000.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC increased its stake in shares of VanEck Gold Miners ETF by 649.7% in the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after acquiring an additional 14,046,913 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth $104,346,000. National Bank of Canada FI increased its stake in shares of VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after acquiring an additional 1,842,885 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after acquiring an additional 1,673,315 shares during the last quarter. Finally, Blackstone Inc. acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth $41,106,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX traded down $0.49 during mid-day trading on Friday, reaching $39.85. The company had a trading volume of 14,358,062 shares, compared to its average volume of 22,381,721. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The stock has a market capitalization of $15.93 billion, a PE ratio of 28.03 and a beta of 0.85. The stock’s 50 day moving average is $39.95 and its 200-day moving average is $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.