Oakmont Investment Advisors Inc. Makes New Investment in VanEck Gold Miners ETF $GDX

Oakmont Investment Advisors Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,972 shares of the exchange traded fund’s stock, valued at approximately $979,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GDX. Axiom Investment Management LLC purchased a new position in VanEck Gold Miners ETF in the first quarter worth approximately $934,000. Sequent Planning LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $491,000. Rit Capital Partners PLC raised its holdings in shares of VanEck Gold Miners ETF by 74.7% in the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares in the last quarter. Money Concepts Capital Corp raised its holdings in shares of VanEck Gold Miners ETF by 9.5% in the 4th quarter. Money Concepts Capital Corp now owns 88,658 shares of the exchange traded fund’s stock valued at $7,604,000 after purchasing an additional 7,725 shares in the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $57,449,000.

VanEck Gold Miners ETF Trading Down 2.2%

VanEck Gold Miners ETF stock opened at $99.26 on Friday. The company has a fifty day simple moving average of $84.44 and a 200-day simple moving average of $89.40. The stock has a market cap of $30.28 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 12-month low of $65.16 and a 12-month high of $117.18.

About VanEck Gold Miners ETF

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.