Fifth Third Wealth Advisors LLC Invests $390,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Fifth Third Wealth Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,499 shares of the exchange traded fund’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Inc. AR increased its holdings in shares of VanEck Gold Miners ETF by 18.3% in the fourth quarter. Stephens Inc. AR now owns 69,163 shares of the exchange traded fund’s stock valued at $2,145,000 after purchasing an additional 10,688 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in VanEck Gold Miners ETF by 3.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock worth $2,082,000 after purchasing an additional 2,133 shares during the last quarter. Capital Investment Advisors LLC lifted its position in VanEck Gold Miners ETF by 9.8% during the 2nd quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 1,580 shares during the period. International Assets Investment Management LLC bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $1,044,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of VanEck Gold Miners ETF by 8.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 32,831 shares of the exchange traded fund’s stock valued at $1,018,000 after purchasing an additional 2,491 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 0.7 %

NYSEARCA GDX traded up $0.27 during trading hours on Wednesday, hitting $39.77. The company’s stock had a trading volume of 13,751,170 shares, compared to its average volume of 23,240,359. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $39.97. The firm has a market capitalization of $15.90 billion, a P/E ratio of 28.03 and a beta of 0.85. The stock has a fifty day moving average of $36.08 and a 200 day moving average of $33.28.

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.