Eaton Financial Holdings Company LLC Invests $1.80 Million in VanEck Gold Miners ETF (NYSEARCA:GDX)

Eaton Financial Holdings Company LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,077 shares of the exchange traded fund’s stock, valued at approximately $1,795,000. VanEck Gold Miners ETF comprises about 0.7% of Eaton Financial Holdings Company LLC’s investment portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in shares of VanEck Gold Miners ETF by 96.0% in the 2nd quarter. CWM LLC now owns 11,998 shares of the exchange traded fund’s stock valued at $407,000 after purchasing an additional 5,877 shares during the last quarter. Diversified Trust Co acquired a new stake in VanEck Gold Miners ETF during the 2nd quarter worth $258,000. Cornerstone Wealth Management LLC raised its position in shares of VanEck Gold Miners ETF by 2.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock valued at $583,000 after acquiring an additional 454 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $214,000. Finally, TruNorth Capital Management LLC bought a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth $44,000.

VanEck Gold Miners ETF Trading Up 2.9 %

NYSEARCA GDX opened at $39.10 on Thursday. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The stock has a 50-day simple moving average of $39.12 and a 200 day simple moving average of $37.71. The company has a market capitalization of $15.63 billion, a PE ratio of 28.03 and a beta of 0.85.

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.