Beacon Pointe Advisors LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,860 shares of the exchange traded fund’s stock after acquiring an additional 2,602 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,793,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $25,000. Eastern Bank bought a new stake in VanEck Gold Miners ETF during the fourth quarter valued at $25,000. Financial Connections Group Inc. acquired a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $25,000. Rothschild Investment LLC raised its position in shares of VanEck Gold Miners ETF by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $34,000.
VanEck Gold Miners ETF Price Performance
NYSEARCA GDX opened at $48.48 on Wednesday. The stock has a market capitalization of $15.36 billion, a P/E ratio of 20.72 and a beta of 0.84. The business has a 50 day simple moving average of $44.90 and a 200 day simple moving average of $40.53. VanEck Gold Miners ETF has a one year low of $32.84 and a one year high of $53.25.
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.
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