Van ECK Associates Corp Buys 7,212 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Van ECK Associates Corp grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,147 shares of the exchange traded fund’s stock after acquiring an additional 7,212 shares during the quarter. Van ECK Associates Corp’s holdings in VanEck Gold Miners ETF were worth $1,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Centennial Wealth Advisory LLC raised its stake in VanEck Gold Miners ETF by 2.7% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 10,288 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 267 shares during the period. Summit Wealth Partners LLC raised its stake in VanEck Gold Miners ETF by 3.6% in the 3rd quarter. Summit Wealth Partners LLC now owns 8,621 shares of the exchange traded fund’s stock valued at $343,000 after acquiring an additional 298 shares during the period. Citizens National Bank Trust Department increased its position in VanEck Gold Miners ETF by 4.8% during the 3rd quarter. Citizens National Bank Trust Department now owns 6,696 shares of the exchange traded fund’s stock worth $267,000 after buying an additional 308 shares during the period. Aptus Capital Advisors LLC increased its position in VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 329 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its position in VanEck Gold Miners ETF by 4.3% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock worth $307,000 after buying an additional 375 shares during the period.

VanEck Gold Miners ETF Stock Performance

GDX opened at $40.80 on Friday. The business’s fifty day moving average is $37.54 and its 200-day moving average is $38.39. The firm has a market cap of $16.31 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22.

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.