GK Wealth Management LLC Buys Shares of 11,820 VanEck Gold Miners ETF $GDX

GK Wealth Management LLC bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 11,820 shares of the exchange traded fund’s stock, valued at approximately $892,000.

Several other institutional investors have also modified their holdings of GDX. Axiom Investment Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at approximately $934,000. Rit Capital Partners PLC raised its position in shares of VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after buying an additional 512,000 shares during the period. Sequent Planning LLC acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $491,000. Key Capital Management INC purchased a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $492,000. Finally, Primoris Wealth Advisors LLC increased its stake in VanEck Gold Miners ETF by 405.6% during the fourth quarter. Primoris Wealth Advisors LLC now owns 27,300 shares of the exchange traded fund’s stock worth $2,342,000 after acquiring an additional 21,900 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 2.5%

Shares of VanEck Gold Miners ETF stock opened at $77.92 on Wednesday. The firm has a market cap of $23.77 billion, a PE ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 52 week low of $54.57 and a 52 week high of $117.18. The business’s fifty day simple moving average is $78.21 and its 200-day simple moving average is $90.31.

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.