Elevation Point Wealth Partners LLC Buys Shares of 42,205 VanEck Gold Miners ETF (NYSEARCA:GDX)

Elevation Point Wealth Partners LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 42,205 shares of the exchange traded fund’s stock, valued at approximately $1,940,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Krilogy Financial LLC grew its stake in VanEck Gold Miners ETF by 55.6% in the first quarter. Krilogy Financial LLC now owns 43,964 shares of the exchange traded fund’s stock valued at $2,021,000 after purchasing an additional 15,715 shares during the last quarter. Simon Quick Advisors LLC grew its stake in VanEck Gold Miners ETF by 6.5% in the first quarter. Simon Quick Advisors LLC now owns 9,850 shares of the exchange traded fund’s stock valued at $453,000 after purchasing an additional 600 shares during the last quarter. Focus Financial Network Inc. purchased a new position in VanEck Gold Miners ETF in the first quarter valued at about $421,000. Redhawk Wealth Advisors Inc. purchased a new position in VanEck Gold Miners ETF in the first quarter valued at about $211,000. Finally, Trueblood Wealth Management LLC grew its stake in shares of VanEck Gold Miners ETF by 4.4% during the first quarter. Trueblood Wealth Management LLC now owns 26,901 shares of the exchange traded fund’s stock worth $1,237,000 after acquiring an additional 1,132 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $54.46 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $32.84 and a fifty-two week high of $54.70. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 21.14 and a beta of 0.55. The stock’s 50-day simple moving average is $49.56 and its 200-day simple moving average is $42.88.

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.