Maltin Wealth Management Inc. Grows Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Maltin Wealth Management Inc. raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 106.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,798 shares of the exchange traded fund’s stock after purchasing an additional 6,608 shares during the quarter. Maltin Wealth Management Inc.’s holdings in VanEck Gold Miners ETF were worth $434,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $25,000. Aptus Capital Advisors LLC increased its stake in VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $49,000. ORG Wealth Partners LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at $49,000. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 2,586.2% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,500 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $36.75 on Monday. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The company has a 50-day moving average of $36.22 and a 200 day moving average of $37.92.

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.