Meridian Investment Counsel Inc. Invests $204,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Meridian Investment Counsel Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,000 shares of the exchange traded fund’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in VanEck Gold Miners ETF in the 4th quarter valued at $26,000. Atwood & Palmer Inc. purchased a new stake in VanEck Gold Miners ETF during the first quarter worth approximately $27,000. LRI Investments LLC acquired a new position in VanEck Gold Miners ETF during the first quarter worth approximately $31,000. Atlantic Edge Private Wealth Management LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth approximately $32,000. Finally, Family Asset Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $38,000.

VanEck Gold Miners ETF Stock Up 1.9 %

GDX stock traded up $0.73 on Monday, reaching $39.22. 20,164,064 shares of the company’s stock were exchanged, compared to its average volume of 23,303,689. The stock has a fifty day moving average of $35.86 and a 200-day moving average of $33.12. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $39.41. The firm has a market cap of $15.68 billion, a PE 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.