Three Cord True Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 9,139 shares of the exchange traded fund’s stock, valued at approximately $784,000. VanEck Gold Miners ETF accounts for approximately 0.5% of Three Cord True Wealth Management LLC’s investment portfolio, making the stock its 17th largest position.
Other large investors have also recently made changes to their positions in the company. Morton Brown Family Wealth LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $36,000. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $38,000. Activest Wealth Management purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth approximately $50,000. Laurel Wealth Advisors LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $56,000. Finally, HHM Wealth Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 560.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 560 shares in the last quarter.
VanEck Gold Miners ETF Stock Performance
Shares of GDX opened at $87.35 on Monday. VanEck Gold Miners ETF has a one year low of $45.24 and a one year high of $117.18. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. The stock has a 50 day moving average price of $93.44 and a 200 day moving average price of $91.49.
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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