Pinnacle Wealth Management Group Inc. Purchases 3,017 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Pinnacle Wealth Management Group Inc. increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,331 shares of the exchange traded fund’s stock after buying an additional 3,017 shares during the quarter. VanEck Gold Miners ETF accounts for about 1.8% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 18th biggest holding. Pinnacle Wealth Management Group Inc.’s holdings in VanEck Gold Miners ETF were worth $2,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of VanEck Gold Miners ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after purchasing an additional 294,034 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of VanEck Gold Miners ETF during the third quarter valued at about $76,065,000. Caisse DE Depot ET Placement DU Quebec raised its position in VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after buying an additional 760,722 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of VanEck Gold Miners ETF by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock worth $51,783,000 after buying an additional 84,471 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new stake in VanEck Gold Miners ETF during the third quarter worth about $43,073,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $35.38 on Tuesday. The stock has a market capitalization of $14.14 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The business’s fifty day moving average price is $36.43 and its 200-day moving average price is $37.85.

VanEck Gold Miners ETF Company Profile

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.