Wealthfront Advisers LLC boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 13.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 90,676 shares of the exchange traded fund’s stock after purchasing an additional 10,640 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck Gold Miners ETF were worth $7,777,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GDX. New Republic Capital LLC acquired a new stake in VanEck Gold Miners ETF during the third quarter valued at $29,000. Morton Brown Family Wealth LLC acquired a new stake in VanEck Gold Miners ETF during the fourth quarter valued at $36,000. Family Management Corp acquired a new stake in VanEck Gold Miners ETF during the third quarter valued at $38,000. Tradewinds Capital Management LLC boosted its position in VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 325 shares during the last quarter. Finally, Activest Wealth Management acquired a new stake in VanEck Gold Miners ETF during the third quarter valued at $50,000.
VanEck Gold Miners ETF Trading Down 2.6%
GDX opened at $86.22 on Thursday. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71. VanEck Gold Miners ETF has a 1 year low of $45.10 and a 1 year high of $117.18. The stock has a fifty day moving average price of $96.92 and a 200 day moving average price of $90.30.
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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