Crescent Grove Advisors LLC Boosts Position in VanEck Gold Miners ETF $GDX

Crescent Grove Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 59.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,623 shares of the exchange traded fund’s stock after purchasing an additional 18,586 shares during the quarter. Crescent Grove Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $4,256,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Delta Asset Management LLC TN lifted its stake in VanEck Gold Miners ETF by 9.1% during the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 100 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in VanEck Gold Miners ETF by 0.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after purchasing an additional 112 shares during the last quarter. KFA Private Wealth Group LLC lifted its stake in VanEck Gold Miners ETF by 2.7% during the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 117 shares during the last quarter. Wakefield Asset Management LLLP lifted its stake in VanEck Gold Miners ETF by 0.4% during the fourth quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock worth $2,974,000 after purchasing an additional 129 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC lifted its stake in VanEck Gold Miners ETF by 11.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 130 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 3.5%

Shares of NYSEARCA GDX opened at $85.00 on Thursday. VanEck Gold Miners ETF has a twelve month low of $50.32 and a twelve month high of $117.18. The stock has a 50 day moving average of $91.40 and a two-hundred day moving average of $92.72. The stock has a market cap of $26.19 billion, a P/E 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.