Elequin Capital LP Buys Shares of 1,143 VanEck Gold Miners ETF (NYSEARCA:GDX)

Elequin Capital LP bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,143 shares of the exchange traded fund’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GDX. Ausdal Financial Partners Inc. grew its position in VanEck Gold Miners ETF by 2.2% in the fourth 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. Centennial Wealth Advisory LLC boosted its stake in shares of VanEck Gold Miners ETF by 2.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 10,576 shares of the exchange traded fund’s stock valued at $359,000 after purchasing an additional 288 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of VanEck Gold Miners ETF by 9.5% during the 4th quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock valued at $118,000 after purchasing an additional 300 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in VanEck Gold Miners ETF by 1.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 26,323 shares of the exchange traded fund’s stock worth $893,000 after purchasing an additional 348 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its stake in VanEck Gold Miners ETF by 4.3% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock valued at $307,000 after purchasing an additional 375 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $49.44 on Thursday. The company’s 50 day moving average price is $47.12 and its two-hundred day moving average price is $41.23. The firm has a market capitalization of $14.98 billion, a P/E ratio of 19.65 and a beta of 0.57. VanEck Gold Miners ETF has a fifty-two week low of $32.84 and a fifty-two week high of $53.25.

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.