Financial Enhancement Group LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,639 shares of the exchange traded fund’s stock, valued at approximately $2,874,000.
Several other institutional investors and hedge funds also recently made changes to their positions in GDX. Eukles Asset Management acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth approximately $27,000. Bayban acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Morton Brown Family Wealth LLC acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 298.2% during the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 337 shares in the last quarter. Finally, Roble Belko & Company Inc boosted its holdings in shares of VanEck Gold Miners ETF by 2,913.3% during the 1st quarter. Roble Belko & Company Inc now owns 452 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 437 shares in the last quarter.
VanEck Gold Miners ETF Stock Down 4.0%
Shares of GDX stock opened at $74.59 on Thursday. The company has a market cap of $22.98 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The firm has a 50 day moving average of $87.89 and a 200-day moving average of $92.93.
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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