VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Purchased by Fortis Capital Management LLC

Fortis Capital Management LLC increased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,321 shares of the exchange traded fund’s stock after purchasing an additional 1,100 shares during the quarter. Fortis Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Freemont Management S.A. increased its position in shares of VanEck Gold Miners ETF by 16.7% during the 3rd quarter. Freemont Management S.A. now owns 140,000 shares of the exchange traded fund’s stock worth $5,575,000 after purchasing an additional 20,000 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of VanEck Gold Miners ETF by 85.1% in the 3rd quarter. Kovack Advisors Inc. now owns 17,055 shares of the exchange traded fund’s stock valued at $679,000 after acquiring an additional 7,842 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 2.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 65,910 shares of the exchange traded fund’s stock worth $2,625,000 after acquiring an additional 1,468 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of VanEck Gold Miners ETF by 36.5% during the 3rd quarter. Victory Capital Management Inc. now owns 522,183 shares of the exchange traded fund’s stock worth $20,793,000 after purchasing an additional 139,733 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in 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.

VanEck Gold Miners ETF Stock Down 1.5 %

Shares of GDX opened at $35.57 on Thursday. The company has a market cap of $14.22 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm’s 50 day moving average price is $39.92 and its 200 day moving average price is $37.37.

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.