Procyon Advisors LLC Makes New $246,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Procyon Advisors LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,253 shares of the exchange traded fund’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Eastern Bank purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at $25,000. Aptus Capital Advisors LLC grew its holdings 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 purchasing an additional 329 shares during the period. ORG Wealth Partners LLC acquired a new stake in VanEck Gold Miners ETF during the third quarter worth about $49,000. St. Johns Investment Management Company LLC purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $49,000. Finally, Laurel Wealth Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 2,586.2% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $36.75 on Monday. The company has a market capitalization of $14.69 billion, a P/E ratio of 28.03 and a beta of 0.85. The company has a 50 day simple moving average of $36.22 and a 200-day simple moving average of $37.92. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22.

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.