10,000 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the exchange traded fund’s stock, valued at approximately $398,000.

Several other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC grew its stake 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 valued at $25,000 after buying an additional 500 shares during the last quarter. LRI Investments LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter valued at $28,000. Cedar Wealth Management LLC lifted its position 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 purchasing an additional 339 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares during the period. Finally, Eagle Bay Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $38.28 on Friday. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The company has a 50-day moving average of $39.84 and a 200 day moving average of $37.54.

VanEck Gold Miners ETF 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.