MONECO Advisors LLC Grows Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

MONECO Advisors LLC increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,540 shares of the exchange traded fund’s stock after purchasing an additional 1,191 shares during the period. MONECO Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley raised its holdings in shares of VanEck Gold Miners ETF by 4.3% during the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock valued at $297,994,000 after purchasing an additional 460,687 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of VanEck Gold Miners ETF by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after purchasing an additional 1,920,723 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock valued at $218,190,000 after purchasing an additional 493,627 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of VanEck Gold Miners ETF by 31.5% during the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after purchasing an additional 738,786 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. raised its holdings in shares of VanEck Gold Miners ETF by 705.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after purchasing an additional 1,785,137 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 0.7 %

GDX opened at $33.36 on Wednesday. The firm has a 50 day moving average price of $30.81 and a 200-day moving average price of $29.71. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $36.26. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81.

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.