VanEck Gold Miners ETF (NYSEARCA:GDX) is Mader & Shannon Wealth Management Inc.’s 6th Largest Position

Mader & Shannon Wealth Management Inc. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,744 shares of the exchange traded fund’s stock after selling 7,533 shares during the period. VanEck Gold Miners ETF makes up approximately 4.8% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 6th biggest holding. Mader & Shannon Wealth Management Inc. owned 0.06% of VanEck Gold Miners ETF worth $7,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $76,065,000. Strategic Financial Concepts LLC grew its stake in VanEck Gold Miners ETF by 3,704.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at approximately $35,838,000. Fiduciary Family Office LLC acquired a new stake in VanEck Gold Miners ETF during the 4th quarter valued at approximately $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after acquiring an additional 760,722 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $41.54 on Thursday. The firm has a market cap of $16.61 billion, a price-to-earnings 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. The stock has a 50 day moving average of $37.36 and a 200-day moving average of $38.33.

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.