Guild Investment Management Inc. Purchases 63,888 Shares of VanEck Gold Miners ETF $GDX

Guild Investment Management Inc. purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 63,888 shares of the exchange traded fund’s stock, valued at approximately $5,609,000. VanEck Gold Miners ETF makes up 3.6% of Guild Investment Management Inc.’s investment portfolio, making the stock its 8th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted 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 valued at $765,849,000 after buying an additional 858,716 shares in the last quarter. Bank of Nova Scotia grew its holdings 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 buying an additional 1,987,920 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $84,873,000. IMC Chicago LLC grew its holdings in shares of VanEck Gold Miners ETF by 1,264.4% during the first quarter. IMC Chicago LLC now owns 697,975 shares of the exchange traded fund’s stock valued at $64,053,000 after buying 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 during the third quarter worth about $51,432,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $87.60 on Friday. The firm has a 50-day moving average of $89.57 and a 200-day moving average of $90.34. The company has a market cap of $27.01 billion, a PE ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a one year low of $69.74 and a one year high of $117.18.

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.