Whittier Trust Co. Increases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Whittier Trust Co. boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,559.2% during the third quarter, HoldingsChannel reports. The fund owned 12,029 shares of the exchange traded fund’s stock after buying an additional 11,304 shares during the quarter. Whittier Trust Co.’s holdings in VanEck Gold Miners ETF were worth $479,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its position in shares of VanEck Gold Miners ETF by 202.4% during the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. LRI Investments LLC bought a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at $28,000. Cedar Wealth Management LLC boosted its stake in VanEck Gold Miners ETF by 63.4% in the 2nd 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 during the period. Eagle Bay Advisors LLC boosted its stake in VanEck Gold Miners ETF by 95.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares during the period. Finally, Studio Investment Management LLC grew its holdings in VanEck Gold Miners ETF by 51.4% during the 2nd quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 408 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.9 %

Shares of GDX opened at $43.26 on Thursday. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The stock has a market cap of $17.29 billion, a PE ratio of 28.03 and a beta of 0.85. The business’s 50-day moving average price is $39.50 and its 200-day moving average price is $36.70.

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.