1ST Source Bank Invests $203,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

1ST Source Bank acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,090 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capasso Planning Partners LLC acquired a new position in VanEck Gold Miners ETF in the third quarter valued at about $387,000. Franklin Resources Inc. raised its position in shares of VanEck Gold Miners ETF by 3.6% in the 3rd quarter. Franklin Resources Inc. now owns 116,862 shares of the exchange traded fund’s stock valued at $4,693,000 after acquiring an additional 4,030 shares during the period. Peapack Gladstone Financial Corp boosted its stake in VanEck Gold Miners ETF by 6.9% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 47,410 shares of the exchange traded fund’s stock worth $1,888,000 after acquiring an additional 3,080 shares during the last quarter. Synovus Financial Corp grew its holdings in VanEck Gold Miners ETF by 9.4% during the third quarter. Synovus Financial Corp now owns 173,448 shares of the exchange traded fund’s stock valued at $6,907,000 after purchasing an additional 14,970 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $895,000.

VanEck Gold Miners ETF Stock Down 2.7 %

Shares of NYSEARCA GDX opened at $36.65 on Friday. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The company’s fifty day moving average is $39.03 and its 200-day moving average is $37.72. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF 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.