PNC Financial Services Group Inc. Grows Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

PNC Financial Services Group Inc. boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,848 shares of the exchange traded fund’s stock after buying an additional 1,235 shares during the period. PNC Financial Services Group Inc.’s holdings in VanEck Gold Miners ETF were worth $1,666,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GDX. Beacon Capital Management LLC increased its stake in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF in the 1st quarter valued at approximately $28,000. Cedar Wealth Management LLC increased 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 valued at $30,000 after purchasing an additional 339 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased 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 valued at $40,000 after purchasing an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $37.31 on Wednesday. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The company has a market capitalization of $14.91 billion, a P/E ratio of 28.03 and a beta of 0.85. The business has a 50 day moving average price of $39.79 and a 200 day moving average price of $37.57.

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.