Meridian Wealth Management LLC Has $6.27 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Meridian Wealth Management LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 157,354 shares of the exchange traded fund’s stock after purchasing an additional 11,171 shares during the quarter. Meridian Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GDX. Jane Street Group LLC increased its position in VanEck Gold Miners ETF by 649.7% in the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after buying an additional 14,046,913 shares during the period. National Bank of Canada FI grew its position in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after acquiring an additional 1,842,885 shares during the period. 1832 Asset Management L.P. grew its position in VanEck Gold Miners ETF by 6.4% in the first quarter. 1832 Asset Management L.P. now owns 3,020,715 shares of the exchange traded fund’s stock valued at $95,515,000 after acquiring an additional 181,475 shares during the period. Strategic Financial Concepts LLC grew its position in VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock valued at $58,333,000 after acquiring an additional 1,673,315 shares during the period. Finally, Blackstone Inc. bought a new stake in VanEck Gold Miners ETF in the first quarter valued at $41,106,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $38.19 on Friday. The business’s fifty day moving average price is $39.88 and its two-hundred day moving average price is $37.48. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

About VanEck Gold Miners ETF

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.