Westover Capital Advisors LLC Makes New $1.72 Million Investment in VanEck Gold Miners ETF $GDX

Westover Capital Advisors LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,588 shares of the exchange traded fund’s stock, valued at approximately $1,720,000.

A number of other hedge funds have also recently modified their holdings of the company. Bank of Nova Scotia raised its stake in shares of VanEck Gold Miners ETF by 282.0% during the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after acquiring an additional 1,987,920 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $84,873,000. Bank of America Corp DE grew its stake in shares of VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after purchasing an additional 858,716 shares during the last quarter. IMC Chicago LLC grew its stake in shares of VanEck Gold Miners ETF by 1,264.4% in the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock worth $64,053,000 after purchasing an additional 646,817 shares during the last quarter. Finally, New Harbor Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF in the third quarter worth about $51,432,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $81.02 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $68.13 and a 1 year high of $117.18. The company has a market cap of $24.85 billion, a PE ratio of 21.70 and a beta of 0.68. The stock’s 50-day moving average is $92.68 and its 200 day moving average is $90.94.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.