Redhawk Wealth Advisors Inc. Acquires 87,880 Shares of VanEck Gold Miners ETF $GDX

Redhawk Wealth Advisors Inc. grew its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1,433.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 94,010 shares of the exchange traded fund’s stock after acquiring an additional 87,880 shares during the period. VanEck Gold Miners ETF accounts for approximately 0.9% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 29th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $8,063,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GDX. Rafferty Asset Management LLC boosted its holdings in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after acquiring an additional 1,503,884 shares in the last quarter. Slate Path Capital LP purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at $123,070,000. Pureheart Capital Pte Ltd. raised its holdings in VanEck Gold Miners ETF by 1.4% in the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock worth $69,708,000 after purchasing an additional 19,000 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 25,688 shares in the last quarter. Finally, 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 purchasing an additional 4,420 shares during the period.

VanEck Gold Miners ETF Trading Up 4.1%

Shares of GDX opened at $85.79 on Friday. The firm’s 50-day moving average price is $100.18 and its 200-day moving average price is $86.88. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $40.26 and a 1-year high of $117.18.

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.