Maridea Wealth Management LLC Invests $278,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Maridea Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,203 shares of the exchange traded fund’s stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDX. Orion Portfolio Solutions LLC boosted its stake in shares of VanEck Gold Miners ETF by 14.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 15,264 shares of the exchange traded fund’s stock worth $518,000 after purchasing an additional 1,899 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in VanEck Gold Miners ETF by 0.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 597,915 shares of the exchange traded fund’s stock worth $20,275,000 after acquiring an additional 2,472 shares during the last quarter. Mint Tower Capital Management B.V. acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth approximately $424,000. Tyler Stone Wealth Management grew its stake in VanEck Gold Miners ETF by 1.7% in the 4th quarter. Tyler Stone Wealth Management now owns 41,158 shares of the exchange traded fund’s stock worth $1,396,000 after acquiring an additional 701 shares during the period. Finally, Ausdal Financial Partners Inc. raised its holdings in VanEck Gold Miners ETF by 2.2% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,341 shares of the exchange traded fund’s stock valued at $385,000 after acquiring an additional 249 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 0.4 %

GDX stock opened at $45.57 on Friday. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 52-week low of $31.71 and a 52-week high of $46.94. The stock’s fifty day simple moving average is $41.29 and its 200-day simple moving average is $39.27.

VanEck Gold Miners ETF Company 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.