Moulton Wealth Management Inc. Purchases 41,549 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Moulton Wealth Management Inc. boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 224.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 60,087 shares of the exchange traded fund’s stock after purchasing an additional 41,549 shares during the period. VanEck Gold Miners ETF comprises 2.1% of Moulton Wealth Management Inc.’s holdings, making the stock its 13th largest position. Moulton Wealth Management Inc.’s holdings in VanEck Gold Miners ETF were worth $2,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Financial Connections Group Inc. acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Roxbury Financial LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $25,000. Investors Research Corp grew its stake in VanEck Gold Miners ETF by 57.3% in the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 251 shares during the last quarter. Rothschild Investment LLC raised its holdings in 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 valued at $34,000 after acquiring an additional 500 shares during the period. Finally, Millstone Evans Group LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter valued at about $34,000.

VanEck Gold Miners ETF Stock Down 2.9%

Shares of NYSEARCA:GDX opened at $51.62 on Friday. VanEck Gold Miners ETF has a 12-month low of $32.84 and a 12-month high of $54.62. The business has a 50 day moving average of $48.61 and a 200-day moving average of $42.40. The stock has a market cap of $15.91 billion, a PE ratio of 21.14 and a beta of 0.55.

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.