Advisor Resource Council Makes New $313,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Advisor Resource Council purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the first quarter, HoldingsChannel reports. The institutional investor purchased 10,102 shares of the exchange traded fund’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alaska Permanent Fund Corp increased its stake in VanEck Gold Miners ETF by 132.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,940,340 shares of the exchange traded fund’s stock valued at $124,594,000 after buying an additional 2,242,823 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of VanEck Gold Miners ETF by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after acquiring an additional 1,920,723 shares during the last quarter. GLOBALT Investments LLC GA bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $58,686,000. Desjardins Global Asset Management Inc. raised its holdings in VanEck Gold Miners ETF by 705.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock worth $63,204,000 after acquiring an additional 1,785,137 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $33,675,000.

VanEck Gold Miners ETF Stock Up 3.7 %

GDX stock opened at $35.28 on Friday. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $37.47. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The business has a 50 day moving average price of $34.64 and a two-hundred day moving average price of $31.48.

VanEck Gold Miners ETF 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.