Meridian Wealth Management LLC Has $6.27 Million Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Meridian Wealth Management LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,354 shares of the exchange traded fund’s stock after purchasing an additional 11,171 shares during the quarter. Meridian Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in 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 valued at $512,530,000 after purchasing an additional 14,046,913 shares during the last quarter. National Bank of Canada FI increased its holdings 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 in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of VanEck Gold Miners ETF by 6.4% in the first quarter. 1832 Asset Management L.P. now owns 3,020,715 shares of the exchange traded fund’s stock worth $95,515,000 after acquiring an additional 181,475 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings 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 in the last quarter. Finally, Blackstone Inc. bought a new stake in shares of VanEck Gold Miners ETF in the first quarter worth about $41,106,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $38.19 on Friday. The company has a market cap of $15.27 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The stock has a 50-day simple moving average of $39.88 and a 200 day simple moving average of $37.48.

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.