Mccarter Private Wealth Services LLC Boosts Stock Position in VanEck Gold Miners ETF $GDX

Mccarter Private Wealth Services LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 49.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,803 shares of the exchange traded fund’s stock after purchasing an additional 5,866 shares during the period. Mccarter Private Wealth Services LLC’s holdings in VanEck Gold Miners ETF were worth $1,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Constant Guidance Financial LLC purchased a new position in VanEck Gold Miners ETF in the third quarter worth $1,433,000. Advisory Alpha LLC purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $848,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $3,649,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of VanEck Gold Miners ETF by 25.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 87,221 shares of the exchange traded fund’s stock valued at $6,664,000 after buying an additional 17,904 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $88.05 on Wednesday. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18. The business’s fifty day moving average price is $91.21 and its 200-day moving average price is $92.60. The stock has a market capitalization of $27.13 billion, a PE ratio of 21.70 and a beta of 0.61.

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.