6,289 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Bought by Financial Management Network Inc.

Financial Management Network Inc. purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,289 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Other large investors have also added to or reduced their stakes in the company. Silver Oak Securities Incorporated increased its position in shares of VanEck Gold Miners ETF by 60.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 13,788 shares of the exchange traded fund’s stock valued at $556,000 after purchasing an additional 5,216 shares during the last quarter. Moody Lynn & Lieberson LLC grew its position in VanEck Gold Miners ETF by 81.1% during the third quarter. Moody Lynn & Lieberson LLC now owns 116,724 shares of the exchange traded fund’s stock valued at $4,648,000 after acquiring an additional 52,281 shares during the last quarter. American Institute for Advanced Investment Management LLP purchased a new position in shares of VanEck Gold Miners ETF during the third quarter worth approximately $207,000. CENTRAL TRUST Co lifted its holdings in shares of VanEck Gold Miners ETF by 342.4% in the 3rd quarter. CENTRAL TRUST Co now owns 11,822 shares of the exchange traded fund’s stock worth $471,000 after acquiring an additional 9,150 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 8.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 21,210 shares of the exchange traded fund’s stock worth $845,000 after acquiring an additional 1,604 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock traded down $0.21 on Friday, hitting $41.92. 3,405,115 shares of the company’s stock traded hands, compared to its average volume of 22,373,096. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company’s fifty day simple moving average is $39.72 and its 200 day simple moving average is $36.78. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22.

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.