Advisory Alpha LLC Makes New $455,000 Investment in VanEck Gold Miners ETF $GDX

Advisory Alpha LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,898 shares of the exchange traded fund’s stock, valued at approximately $455,000.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of VanEck Gold Miners ETF by 766.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP purchased a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $123,070,000. Rafferty Asset Management LLC raised its position in VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after purchasing an additional 1,503,884 shares during the period. Meitav Investment House Ltd. lifted its stake in VanEck Gold Miners ETF by 3,846.2% in the third quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after purchasing an additional 700,000 shares during the last quarter. Finally, Parker Investment Management LLC bought a new stake in VanEck Gold Miners ETF in the third quarter worth $52,704,000.

VanEck Gold Miners ETF Trading Down 0.4%

Shares of NYSEARCA:GDX opened at $101.38 on Friday. The stock’s 50-day moving average price is $100.35 and its 200-day moving average price is $83.78. VanEck Gold Miners ETF has a 12-month low of $40.20 and a 12-month high of $117.18. The stock has a market capitalization of $30.94 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.