VanEck Gold Miners ETF $GDX Stock Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.9% in the third quarter, HoldingsChannel.com reports. The firm owned 78,734 shares of the exchange traded fund’s stock after buying an additional 19,922 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in VanEck Gold Miners ETF were worth $6,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its position in VanEck Gold Miners ETF by 2.8% in the second quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 100 shares during the period. Midwest Trust Co boosted its position in shares of VanEck Gold Miners ETF by 2.8% during the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after buying an additional 115 shares during the period. Conservest Capital Advisors Inc. grew its stake in shares of VanEck Gold Miners ETF by 4.1% in the first quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after buying an additional 123 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of VanEck Gold Miners ETF by 1.9% in the third quarter. CWA Asset Management Group LLC now owns 7,027 shares of the exchange traded fund’s stock valued at $617,000 after buying an additional 133 shares in the last quarter. Finally, Miller Financial Services LLC raised its holdings in shares of VanEck Gold Miners ETF by 1.8% in the 3rd quarter. Miller Financial Services LLC now owns 8,352 shares of the exchange traded fund’s stock valued at $733,000 after buying an additional 145 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock traded up $1.85 on Friday, hitting $87.60. The stock had a trading volume of 22,755,116 shares, compared to its average volume of 24,262,369. The company’s 50 day moving average price is $89.57 and its 200-day moving average price is $90.34. VanEck Gold Miners ETF has a 1 year low of $69.74 and a 1 year high of $117.18. The firm has a market capitalization of $27.01 billion, a P/E ratio of 21.70 and a beta of 0.70.

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.