1ST Source Bank Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

1ST Source Bank bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, HoldingsChannel.com reports. The fund bought 5,090 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Several other institutional investors have also recently bought and sold shares of GDX. Beacon Capital Management LLC raised its stake in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Cedar Wealth Management LLC raised its position in shares of VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Aptus Capital Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 53.0% in 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. Eagle Bay Advisors LLC lifted its stake in shares of 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 last quarter. Finally, Studio Investment Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 51.4% during the 2nd 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 during the period.

VanEck Gold Miners ETF Trading Down 2.7 %

Shares of NYSEARCA GDX opened at $36.65 on Friday. The firm has a market cap of $14.65 billion, a P/E ratio of 28.03 and a beta of 0.85. The business’s 50 day moving average is $39.03 and its 200-day moving average is $37.72. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22.

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.