Cadent Capital Advisors LLC Purchases 14,192 Shares of VanEck Gold Miners ETF $GDX

Cadent Capital Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,192 shares of the exchange traded fund’s stock, valued at approximately $1,246,000.

Several other large investors have also recently modified their holdings of GDX. Axiom Investment Management LLC purchased a new position in VanEck Gold Miners ETF during the 1st quarter valued at $934,000. Keystone Investors PTE Ltd. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $57,449,000. Ameritas Advisory Services LLC boosted its stake in VanEck Gold Miners ETF by 315.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 14,585 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in VanEck Gold Miners ETF by 171.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock worth $717,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Kovack Advisors Inc. increased its stake in VanEck Gold Miners ETF by 99.8% during the 4th quarter. Kovack Advisors Inc. now owns 55,749 shares of the exchange traded fund’s stock valued at $4,782,000 after purchasing an additional 27,844 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 2.8%

Shares of NYSEARCA GDX traded up $2.42 during midday trading on Friday, hitting $89.14. The stock had a trading volume of 6,605,079 shares, compared to its average volume of 24,445,814. The business’s 50 day moving average is $92.87 and its 200-day moving average is $87.73. VanEck Gold Miners ETF has a 52 week low of $68.13 and a 52 week high of $117.18. The company has a market cap of $26.66 billion, a P/E ratio of 21.70 and a beta of 0.68.

VanEck Gold Miners ETF Company 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.