HBW Advisory Services LLC Boosts Stock Position in VanEck Gold Miners ETF $GDX

HBW Advisory Services LLC lifted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 99.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,811 shares of the exchange traded fund’s stock after acquiring an additional 6,878 shares during the quarter. HBW Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $1,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. boosted its holdings in VanEck Gold Miners ETF by 1,433.6% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after buying an additional 87,880 shares during the period. Mainstay Capital Management LLC ADV purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth $1,421,000. Sanders Morris Harris LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $867,000. Rit Capital Partners PLC raised its position in shares of VanEck Gold Miners ETF by 74.7% during the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after buying an additional 512,000 shares during the last quarter. Finally, MFA Wealth Services purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $510,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $74.88 on Wednesday. The firm has a fifty day moving average price of $82.93 and a 200 day moving average price of $91.99. VanEck Gold Miners ETF has a fifty-two week low of $50.44 and a fifty-two week high of $117.18. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65.

VanEck Gold Miners ETF 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.