Federated Hermes Inc. Makes New $965,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Federated Hermes Inc. purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the exchange traded fund’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rather & Kittrell Inc. increased its holdings in shares of VanEck Gold Miners ETF by 0.9% during the third quarter. Rather & Kittrell Inc. now owns 42,009 shares of the exchange traded fund’s stock valued at $1,013,000 after acquiring an additional 372 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in VanEck Gold Miners ETF by 6.1% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,524 shares of the exchange traded fund’s stock worth $179,000 after buying an additional 375 shares in the last quarter. Allworth Financial LP increased its holdings in VanEck Gold Miners ETF by 62.9% in the 3rd quarter. Allworth Financial LP now owns 1,295 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 500 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in VanEck Gold Miners ETF by 46.2% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 600 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in VanEck Gold Miners ETF by 3.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 19,638 shares of the exchange traded fund’s stock worth $474,000 after buying an additional 633 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $29.10 on Tuesday. VanEck Gold Miners ETF has a one year low of $21.52 and a one year high of $41.60. The stock has a 50-day moving average of $30.05 and a 200 day moving average of $27.42. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 15.72 and a beta of 0.72.

VanEck Gold Miners ETF Company Profile

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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.