Northwestern Mutual Wealth Management Co. grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 13.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 398,661 shares of the exchange traded fund’s stock after buying an additional 46,311 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Gold Miners ETF were worth $34,193,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $27,000. Morton Brown Family Wealth LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $36,000. Family Management Corp acquired a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $38,000. Hantz Financial Services Inc. increased its holdings in shares of VanEck Gold Miners ETF by 298.2% in the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 337 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $56,000.
VanEck Gold Miners ETF Price Performance
Shares of GDX opened at $89.49 on Friday. The company has a market capitalization of $27.57 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a fifty-two week low of $49.72 and a fifty-two week high of $117.18. The business’s 50-day moving average is $91.13 and its 200-day moving average is $92.42.
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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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