Beacon Advisors Holdings LLC Makes New $2.13 Million Investment in VanEck Gold Miners ETF $GDX

Beacon Advisors Holdings LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,813 shares of the exchange traded fund’s stock, valued at approximately $2,128,000. VanEck Gold Miners ETF makes up 1.1% of Beacon Advisors Holdings LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth $27,000. Morton Brown Family Wealth LLC bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $36,000. Hantz Financial Services Inc. increased its stake 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 purchasing an additional 337 shares during the last quarter. Family Management Corp acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $38,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $51,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $82.51 on Friday. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18. The company has a market capitalization of $25.42 billion, a P/E ratio of 21.70 and a beta of 0.60. The company has a 50-day simple moving average of $89.46 and a 200 day simple moving average of $93.01.

VanEck Gold Miners ETF 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.