Kovack Advisors Inc. increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 99.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,750 shares of the exchange traded fund’s stock after buying an additional 27,845 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $4,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Morton Brown Family Wealth LLC bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. boosted its holdings in VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 337 shares during the last quarter. Family Management Corp bought a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $38,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $51,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX stock opened at $77.72 on Friday. The business’s 50 day simple moving average is $90.55 and its 200 day simple moving average is $92.88. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18. The stock has a market capitalization of $23.95 billion, a PE ratio of 21.70 and a beta of 0.60.
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.
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