Apollon Wealth Management LLC Raises Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Apollon Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,093 shares of the exchange traded fund’s stock after purchasing an additional 8,228 shares during the quarter. Apollon Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,756,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GDX. Beacon Capital Management LLC grew 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 buying an additional 500 shares during the last quarter. Cedar Wealth Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 63.4% during the second 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 last quarter. LRI Investments LLC purchased a new stake in VanEck Gold Miners ETF in the 1st quarter valued at approximately $31,000. Eagle Bay Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 95.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 575 shares in the last quarter. Finally, Studio Investment Management LLC boosted its holdings in VanEck Gold Miners ETF by 51.4% in the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 408 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 1.5 %

Shares of GDX opened at $35.57 on Thursday. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The stock’s 50 day moving average is $39.92 and its two-hundred day moving average is $37.37. The firm has a market capitalization of $14.22 billion, a PE 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.