VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 9,527,798 shares of the exchange traded fund’s stock after purchasing an additional 294,034 shares during the period. JPMorgan Chase & Co.’s holdings in VanEck Gold Miners ETF were worth $379,397,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cedar Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 339 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 329 shares during the last quarter. Studio Investment Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 51.4% in the second 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. Ashton Thomas Private Wealth LLC acquired a new position in VanEck Gold Miners ETF during the second quarter worth about $49,000. Finally, ORG Wealth Partners LLC purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at about $49,000.

VanEck Gold Miners ETF Price Performance

GDX opened at $34.26 on Monday. The company’s 50 day simple moving average is $37.93 and its two-hundred day simple moving average is $37.74. The firm has a market capitalization of $13.70 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.

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.