Asset One Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 79,404 shares of the exchange traded fund’s stock, valued at approximately $7,479,000. VanEck Gold Miners ETF accounts for 1.0% of Asset One Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding.
Other hedge funds have also bought and sold shares of the company. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF during the fourth quarter valued at about $27,000. Morton Brown Family Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $36,000. Hantz Financial Services Inc. lifted its position in shares of 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 in the last quarter. Family Management Corp purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at about $38,000. Finally, Greykasell Wealth Strategies Inc. purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $51,000.
VanEck Gold Miners ETF Stock Down 3.3%
Shares of VanEck Gold Miners ETF stock opened at $84.36 on Thursday. The stock’s 50-day simple moving average is $89.71 and its 200-day simple moving average is $93.01. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The company has a market capitalization of $25.99 billion, a price-to-earnings 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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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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