SeaBridge Investment Advisors LLC Acquires New Shares in VanEck Gold Miners ETF $GDX

SeaBridge Investment Advisors LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 10,934 shares of the exchange traded fund’s stock, valued at approximately $569,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Centaurus Financial Inc. bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $390,000. AdvisorNet Financial Inc lifted its stake in VanEck Gold Miners ETF by 6.7% in the first quarter. AdvisorNet Financial Inc now owns 7,288 shares of the exchange traded fund’s stock valued at $335,000 after purchasing an additional 455 shares during the last quarter. Investors Research Corp lifted its stake in VanEck Gold Miners ETF by 57.3% in the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 251 shares during the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in VanEck Gold Miners ETF in the first quarter valued at approximately $261,000. Finally, 180 Wealth Advisors LLC lifted its stake in VanEck Gold Miners ETF by 6.9% in the first quarter. 180 Wealth Advisors LLC now owns 104,994 shares of the exchange traded fund’s stock valued at $4,809,000 after purchasing an additional 6,751 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

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

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.