Fund Advisors of America Inc FL bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,604 shares of the exchange traded fund’s stock, valued at approximately $1,939,000. VanEck Gold Miners ETF accounts for 1.8% of Fund Advisors of America Inc FL’s investment portfolio, making the stock its 13th biggest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Bayban bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $36,000. Hantz Financial Services Inc. grew its stake in VanEck Gold Miners ETF by 298.2% in the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 337 shares during the last quarter. Finally, Family Management Corp acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $38,000.
VanEck Gold Miners ETF Stock Performance
Shares of VanEck Gold Miners ETF stock opened at $82.51 on Friday. The firm’s 50-day simple moving average is $89.14 and its 200-day simple moving average is $92.93. VanEck Gold Miners ETF has a twelve month low of $50.32 and a twelve month high of $117.18. The firm has a market cap of $25.42 billion, a P/E ratio of 21.70 and a beta of 0.60.
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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