Arete Wealth Advisors LLC Raises Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Arete Wealth Advisors LLC lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,618 shares of the exchange traded fund’s stock after purchasing an additional 583 shares during the period. Arete Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $361,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GDX. JPMorgan Chase & Co. increased its position in VanEck Gold Miners ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after acquiring an additional 1,967,832 shares in the last quarter. Raymond James Financial Inc. bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $64,425,000. Strategic Financial Concepts LLC lifted its holdings in VanEck Gold Miners ETF by 3,704.8% during the fourth 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. Finally, GLOBALT Investments LLC GA boosted its position in shares of VanEck Gold Miners ETF by 1.4% in the fourth quarter. GLOBALT Investments LLC GA now owns 1,795,153 shares of the exchange traded fund’s stock worth $60,874,000 after purchasing an additional 25,061 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $41.68 on Monday. The stock has a market cap of $13.52 billion, a PE ratio of 21.51 and a beta of 0.84. VanEck Gold Miners ETF has a 1 year low of $32.20 and a 1 year high of $46.94. The firm has a fifty day moving average price of $42.04 and a 200-day moving average price of $39.47.

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.