Meeder Advisory Services Inc. Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Meeder Advisory Services Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,400 shares of the exchange traded fund’s stock, valued at approximately $285,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position 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 acquiring an additional 500 shares during the last quarter. Atwood & Palmer Inc. bought a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $27,000. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF in the 1st quarter worth about $28,000. 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 worth $40,000 after buying an additional 575 shares during the period. Finally, Studio Investment Management LLC lifted 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 Price Performance

Shares of GDX stock opened at $40.09 on Monday. The company has a market capitalization of $16.03 billion, a P/E ratio of 28.03 and a beta of 0.85. The company’s 50-day simple moving average is $37.57 and its two-hundred day simple moving average is $34.74. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $40.22.

VanEck Gold Miners ETF Company 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.