United Capital Management of KS Inc. Invests $1.25 Million in VanEck Gold Miners ETF $GDX

United Capital Management of KS Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,522 shares of the exchange traded fund’s stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $27,000. Morton Brown Family Wealth LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $36,000. Family Management Corp acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth $38,000. Hantz Financial Services Inc. raised its stake in shares of VanEck Gold Miners ETF by 298.2% during the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 337 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $51,000.

VanEck Gold Miners ETF Stock Up 3.0%

NYSEARCA:GDX opened at $80.03 on Friday. The company has a market capitalization of $24.66 billion, a PE ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18. The stock has a fifty day simple moving average of $90.23 and a 200-day simple moving average of $92.79.

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.