Pettinga Financial Advisors LLC Purchases 675 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Pettinga Financial Advisors LLC lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,322 shares of the exchange traded fund’s stock after buying an additional 675 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GDX. Beacon Capital Management LLC grew its holdings in VanEck Gold Miners ETF by 202.4% in the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Cedar Wealth Management LLC boosted its position in shares of VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 339 shares during the period. LRI Investments LLC acquired a new stake in shares of VanEck Gold Miners ETF in the first quarter worth $31,000. Eagle Bay Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 575 shares during the last quarter. Finally, Studio Investment Management LLC increased its position in VanEck Gold Miners ETF by 51.4% during the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 408 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $41.56 on Friday. The stock has a market cap of $16.61 billion, a P/E ratio of 28.03 and a beta of 0.85. The company has a fifty day moving average price of $39.78 and a 200 day moving average price of $36.84. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22.

About VanEck Gold Miners ETF

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