Sequent Planning LLC Invests $491,000 in VanEck Gold Miners ETF $GDX

Sequent Planning LLC purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,727 shares of the exchange traded fund’s stock, valued at approximately $491,000.

A number of other large investors also recently modified their holdings of the business. Rafferty Asset Management LLC lifted its position in shares of VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after buying an additional 1,503,884 shares during the last quarter. M&T Bank Corp lifted its position in shares of VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after buying an additional 1,998,748 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of VanEck Gold Miners ETF by 2.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock worth $82,336,000 after buying an additional 25,688 shares during the last quarter. Ion Asset Management Ltd. lifted its position in shares of VanEck Gold Miners ETF by 0.5% in the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock worth $50,965,000 after buying an additional 4,420 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $70,231,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $87.35 on Monday. The firm’s 50-day moving average is $93.44 and its 200-day moving average is $91.49. VanEck Gold Miners ETF has a 1 year low of $45.24 and a 1 year high of $117.18. The company has a market cap of $26.91 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.