Park Edge Advisors LLC Buys New Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Park Edge Advisors LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent filing with the SEC. The fund purchased 37,802 shares of the exchange traded fund’s stock, valued at approximately $1,505,000.

Other hedge funds have also bought and sold shares of the company. Capital Investment Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 1,580 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of VanEck Gold Miners ETF by 39.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 30,474 shares of the exchange traded fund’s stock worth $964,000 after buying an additional 8,670 shares during the last quarter. US Bancorp DE raised its position in shares of VanEck Gold Miners ETF by 4.9% during the 1st quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 649 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $31,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.4% in the 1st quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock valued at $550,000 after acquiring an additional 1,500 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 1.4 %

NYSEARCA GDX traded down $0.57 during trading hours on Friday, hitting $41.56. 21,541,231 shares of the company were exchanged, compared to its average volume of 22,460,547. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The stock has a 50-day moving average price of $39.78 and a 200 day moving average price of $36.86. The stock has a market cap of $16.61 billion, a PE 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.