Elevation Point Wealth Partners LLC Invests $1.94 Million in VanEck Gold Miners ETF (NYSEARCA:GDX)

Elevation Point Wealth Partners LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the first quarter, Holdings Channel.com reports. The fund purchased 42,205 shares of the exchange traded fund’s stock, valued at approximately $1,940,000.

A number of other large investors have also modified their holdings of GDX. Rafferty Asset Management LLC boosted its position in VanEck Gold Miners ETF by 33.7% in the fourth quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock valued at $314,757,000 after buying an additional 2,342,211 shares during the last quarter. Proficio Capital Partners LLC boosted its position in VanEck Gold Miners ETF by 1,116.3% in the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after buying an additional 1,967,832 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $64,425,000. Two Sigma Investments LP boosted its position in VanEck Gold Miners ETF by 68.7% in the fourth quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock valued at $130,594,000 after buying an additional 1,567,800 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in VanEck Gold Miners ETF by 298.3% in the fourth quarter. Schroder Investment Management Group now owns 1,793,072 shares of the exchange traded fund’s stock valued at $60,552,000 after buying an additional 1,342,885 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 1.7%

Shares of NYSEARCA GDX opened at $54.46 on Friday. The business’s 50 day moving average price is $49.56 and its 200 day moving average price is $42.88. The firm has a market cap of $16.79 billion, a P/E ratio of 21.14 and a beta of 0.55. VanEck Gold Miners ETF has a 52 week low of $32.84 and a 52 week high of $54.70.

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.