Strategic Financial Concepts LLC grew its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 3,704.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,819,255 shares of the exchange traded fund’s stock after acquiring an additional 1,771,440 shares during the period. Strategic Financial Concepts LLC’s holdings in VanEck Gold Miners ETF were worth $61,691,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GDX. Park Avenue Securities LLC boosted its holdings in VanEck Gold Miners ETF by 8.5% in the 3rd quarter. Park Avenue Securities LLC now owns 16,510 shares of the exchange traded fund’s stock worth $657,000 after buying an additional 1,294 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at about $332,000. CWM LLC boosted its stake in shares of VanEck Gold Miners ETF by 55.8% in the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock worth $744,000 after acquiring an additional 6,694 shares during the period. Guild Investment Management Inc. grew its position in shares of VanEck Gold Miners ETF by 8.0% during the third quarter. Guild Investment Management Inc. now owns 69,183 shares of the exchange traded fund’s stock worth $2,755,000 after purchasing an additional 5,120 shares in the last quarter. Finally, Maltin Wealth Management Inc. bought a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at approximately $246,000.
VanEck Gold Miners ETF Trading Up 0.2 %
NYSEARCA GDX opened at $41.13 on Friday. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The stock has a market cap of $16.44 billion, a PE ratio of 28.03 and a beta of 0.85. The stock’s 50 day moving average is $36.66 and its 200 day moving average is $38.03.
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.
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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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