Almanack Investment Partners LLC. Invests $1.98 Million in VanEck Gold Miners ETF $GDX

Almanack Investment Partners LLC. bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 38,036 shares of the exchange traded fund’s stock, valued at approximately $1,980,000.

Other institutional investors have also recently made changes to their positions in the company. American Institute for Advanced Investment Management LLP bought a new position in VanEck Gold Miners ETF during the 1st quarter valued at approximately $220,000. Dynamic Advisor Solutions LLC bought a new position in VanEck Gold Miners ETF during the 1st quarter valued at approximately $216,000. Brighton Jones LLC bought a new position in VanEck Gold Miners ETF during the 1st quarter valued at approximately $207,000. Hanson & Doremus Investment Management increased its position in VanEck Gold Miners ETF by 1.0% during the 1st quarter. Hanson & Doremus Investment Management now owns 44,509 shares of the exchange traded fund’s stock valued at $2,046,000 after buying an additional 445 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in VanEck Gold Miners ETF during the 1st quarter valued at approximately $401,000.

VanEck Gold Miners ETF Stock Up 0.2%

GDX stock opened at $75.78 on Monday. VanEck Gold Miners ETF has a twelve month low of $33.42 and a twelve month high of $79.49. The firm has a market cap of $22.25 billion, a PE ratio of 21.70 and a beta of 0.77. The business has a 50 day moving average of $66.58 and a 200 day moving average of $55.92.

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.