SFG Wealth Management LLC. Buys 7,124 Shares of VanEck Gold Miners ETF $GDX

SFG Wealth Management LLC. grew its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,930 shares of the exchange traded fund’s stock after purchasing an additional 7,124 shares during the quarter. VanEck Gold Miners ETF makes up approximately 0.9% of SFG Wealth Management LLC.’s portfolio, making the stock its 22nd biggest position. SFG Wealth Management LLC.’s holdings in VanEck Gold Miners ETF were worth $2,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. New Republic Capital LLC bought a new stake in VanEck Gold Miners ETF in the 3rd quarter worth $29,000. Morton Brown Family Wealth LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $36,000. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth about $38,000. Activest Wealth Management bought a new stake in shares of VanEck Gold Miners ETF in the third quarter worth about $50,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $56,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $92.44 on Thursday. The stock’s 50-day moving average is $95.83 and its 200 day moving average is $90.53. The company has a market cap of $28.48 billion, a PE ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 1 year low of $45.10 and a 1 year high of $117.18.

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.