City Holding Co. Boosts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

City Holding Co. raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.7% during the 3rd quarter, Holdings Channel reports. The fund owned 58,300 shares of the exchange traded fund’s stock after purchasing an additional 14,700 shares during the period. City Holding Co.’s holdings in VanEck Gold Miners ETF were worth $2,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morton Capital Management LLC CA grew its position in shares of VanEck Gold Miners ETF by 0.3% in the 2nd quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock worth $3,007,000 after buying an additional 287 shares during the last quarter. Mather Group LLC. grew its holdings in VanEck Gold Miners ETF by 21.3% in the second quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 288 shares during the last quarter. Cedar Wealth Management LLC increased its position 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 worth $30,000 after purchasing an additional 339 shares in the last quarter. IAM Advisory LLC increased its position in shares of VanEck Gold Miners ETF by 0.7% during the second quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock worth $1,655,000 after purchasing an additional 341 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 366 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $38.99 on Wednesday. The stock’s fifty day moving average price is $38.51 and its 200 day moving average price is $36.04. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $41.95. The company has a market cap of $15.59 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.