Money Concepts Capital Corp Increases Stock Position in VanEck Gold Miners ETF $GDX

Money Concepts Capital Corp raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,626 shares of the exchange traded fund’s stock after purchasing an additional 6,968 shares during the quarter. Money Concepts Capital Corp’s holdings in VanEck Gold Miners ETF were worth $8,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Redhawk Wealth Advisors Inc. lifted its stake in VanEck Gold Miners ETF by 1,433.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after purchasing an additional 87,880 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $848,000. Sanders Morris Harris LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $867,000. Mainstay Capital Management LLC ADV purchased a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $1,421,000. Finally, Rit Capital Partners PLC raised its holdings in shares of VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after buying an additional 512,000 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $75.78 on Friday. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The business has a 50 day moving average of $83.66 and a 200 day moving average of $92.32. VanEck Gold Miners ETF has a 1-year low of $50.44 and a 1-year high of $117.18.

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.