Farther Finance Advisors LLC Purchases 5,993 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Farther Finance Advisors LLC lifted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 932.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,636 shares of the exchange traded fund’s stock after acquiring an additional 5,993 shares during the quarter. Farther Finance Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GDX. Capital Investment Advisors LLC raised its holdings in VanEck Gold Miners ETF by 9.8% during the 2nd quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after purchasing an additional 1,580 shares during the last quarter. US Bancorp DE raised its stake in shares of VanEck Gold Miners ETF by 4.9% during the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 649 shares during the last quarter. LRI Investments LLC acquired a new position in VanEck Gold Miners ETF in the first quarter valued at approximately $31,000. Clearbridge Investments LLC boosted its stake in VanEck Gold Miners ETF by 9.4% in the first quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock valued at $550,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in VanEck Gold Miners ETF by 2.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock worth $583,000 after acquiring an additional 454 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $39.02 on Friday. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The firm has a fifty day moving average of $40.01 and a two-hundred day moving average of $37.30.

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.