King Luther Capital Management Corp Invests $398,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

King Luther Capital Management Corp bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GDX. Beacon Capital Management LLC boosted its position in shares of VanEck Gold Miners ETF by 202.4% during 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 last quarter. Cedar Wealth Management LLC lifted its position in 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 valued at $30,000 after purchasing an additional 339 shares during the last quarter. LRI Investments LLC purchased a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth $31,000. Aptus Capital Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 329 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position 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 valued at $40,000 after buying an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 0.4 %

GDX opened at $38.28 on Friday. The stock has a 50-day moving average of $39.84 and a 200 day moving average of $37.54. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The firm has a market cap of $15.30 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.