17,158 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,158 shares of the exchange traded fund’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trexquant Investment LP bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $1,483,000. Franklin Resources Inc. raised its position in shares of VanEck Gold Miners ETF by 6.5% in the 4th quarter. Franklin Resources Inc. now owns 136,776 shares of the exchange traded fund’s stock valued at $4,241,000 after buying an additional 8,317 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $349,000. Advisory Services Network LLC boosted its position in shares of VanEck Gold Miners ETF by 4.2% during the 4th quarter. Advisory Services Network LLC now owns 39,808 shares of the exchange traded fund’s stock worth $1,234,000 after acquiring an additional 1,609 shares in the last quarter. Finally, Congress Wealth Management LLC DE increased its stake in VanEck Gold Miners ETF by 0.5% in the fourth quarter. Congress Wealth Management LLC DE now owns 277,422 shares of the exchange traded fund’s stock valued at $8,603,000 after acquiring an additional 1,403 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $40.51 on Monday. The firm has a 50 day simple moving average of $37.84 and a two-hundred day simple moving average of $35.16. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $40.99. The company has a market cap of $16.19 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.