Cadence Wealth Management LLC Takes $19.27 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cadence Wealth Management LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 568,184 shares of the exchange traded fund’s stock, valued at approximately $19,267,000. VanEck Gold Miners ETF makes up 12.8% of Cadence Wealth Management LLC’s portfolio, making the stock its 2nd biggest position. Cadence Wealth Management LLC owned about 0.14% of VanEck Gold Miners ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in VanEck Gold Miners ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares during the period. Proficio Capital Partners LLC lifted its position in VanEck Gold Miners ETF by 1,116.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after buying an additional 1,967,832 shares during the period. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $76,065,000. Raymond James Financial Inc. purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after buying an additional 760,722 shares during the period.

VanEck Gold Miners ETF Trading Up 2.1 %

NYSEARCA GDX opened at $44.57 on Tuesday. The company has a market capitalization of $14.77 billion, a PE ratio of 20.34 and a beta of 0.95. The business’s 50-day moving average price is $39.68 and its 200 day moving average price is $38.80. VanEck Gold Miners ETF has a twelve month low of $28.91 and a twelve month high of $45.38.

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.