VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,515 shares of the exchange traded fund’s stock after purchasing an additional 1,759 shares during the period. Sheets Smith Wealth Management’s holdings in VanEck Gold Miners ETF were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in VanEck Gold Miners ETF in the 4th quarter valued at about $26,000. Register Financial Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 58.5% during the 4th quarter. Register Financial Advisors LLC now owns 1,697 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 626 shares in the last quarter. VisionPoint Advisory Group LLC raised its position in shares of VanEck Gold Miners ETF by 34.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 2,010 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 511 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of VanEck Gold Miners ETF by 206.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,057 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $69,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX traded up $0.82 during midday trading on Monday, hitting $34.26. 14,197,171 shares of the company’s stock were exchanged, compared to its average volume of 26,126,260. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $35.81. The company has a market cap of $13.70 billion, a PE ratio of 28.03 and a beta of 0.85. The firm’s fifty day simple moving average is $31.35 and its 200-day simple moving average is $29.83.

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.