Arlington Trust Co LLC Takes $100,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Arlington Trust Co LLC 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 and Exchange Commission (SEC). The institutional investor bought 2,520 shares of the exchange traded fund’s stock, valued at approximately $100,000.

Several other institutional investors also recently made changes to their positions in the stock. Beacon Capital Management LLC grew its holdings in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares in the last quarter. LRI Investments LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter worth approximately $28,000. Cedar Wealth Management LLC grew its holdings in VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 339 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in VanEck Gold Miners ETF by 95.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 575 shares in the last quarter. Finally, Studio Investment Management LLC grew its holdings in VanEck Gold Miners ETF by 51.4% in the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 408 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.2 %

GDX traded down $0.49 during trading on Friday, reaching $39.85. The stock had a trading volume of 14,358,062 shares, compared to its average volume of 22,381,721. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The stock has a 50 day moving average of $39.95 and a two-hundred day moving average of $37.09.

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.