Three Cord True Wealth Management LLC Invests $784,000 in VanEck Gold Miners ETF $GDX

Three Cord True Wealth Management LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,139 shares of the exchange traded fund’s stock, valued at approximately $784,000. VanEck Gold Miners ETF accounts for approximately 0.5% of Three Cord True Wealth Management LLC’s holdings, making the stock its 17th biggest position.

Several other large investors have also made changes to their positions in the business. Clear Creek Financial Management LLC raised its stake in shares of VanEck Gold Miners ETF by 0.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after buying an additional 112 shares during the period. KFA Private Wealth Group LLC raised its stake in shares of VanEck Gold Miners ETF by 2.7% during the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 117 shares during the period. Wakefield Asset Management LLLP raised its stake in shares of VanEck Gold Miners ETF by 0.4% during the 4th quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock worth $2,974,000 after buying an additional 129 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in shares of VanEck Gold Miners ETF by 11.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock worth $105,000 after buying an additional 130 shares during the period. Finally, LifeGoal Investments LLC raised its stake in shares of VanEck Gold Miners ETF by 3.6% during the 4th quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock worth $409,000 after buying an additional 164 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $87.35 on Monday. The company has a market cap of $26.91 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. The stock has a 50 day simple moving average of $93.44 and a 200-day simple moving average of $91.49. VanEck Gold Miners ETF has a 1-year low of $45.24 and a 1-year high of $117.18.

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.