Guyasuta Investment Advisors Inc. Grows Stock Position in VanEck Gold Miners ETF $GDX

Guyasuta Investment Advisors Inc. lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,405 shares of the exchange traded fund’s stock after buying an additional 485 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $906,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. SeaBridge Investment Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF in the second quarter worth about $569,000. TRU Independence Asset Management 2 LLC purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at about $226,000. ST Germain D J Co. Inc. increased its holdings in VanEck Gold Miners ETF by 41.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 3,359 shares of the exchange traded fund’s stock valued at $175,000 after purchasing an additional 976 shares during the period. Blue Oak Capital LLC purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at about $431,000. Finally, American National Bank & Trust purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at about $68,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $74.68 on Friday. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $75.28. The company has a market cap of $21.86 billion, a PE ratio of 21.70 and a beta of 0.77. The stock’s 50-day moving average is $61.79 and its 200 day moving average is $53.60.

About VanEck Gold Miners ETF

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.