Money Concepts Capital Corp Increases Stock Holdings in VanEck Gold Miners ETF $GDX

Money Concepts Capital Corp increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,626 shares of the exchange traded fund’s stock after acquiring an additional 6,968 shares during the quarter. Money Concepts Capital Corp’s holdings in VanEck Gold Miners ETF were worth $8,776,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in VanEck Gold Miners ETF by 20.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,800 shares of the exchange traded fund’s stock worth $532,000 after acquiring an additional 1,000 shares during the period. Demars Financial Group LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter valued at $213,000. Richmond Investment Services LLC boosted its holdings in VanEck Gold Miners ETF by 1.5% in the 1st quarter. Richmond Investment Services LLC now owns 255,066 shares of the exchange traded fund’s stock valued at $23,408,000 after purchasing an additional 3,738 shares during the period. Meitav Investment House Ltd. grew its position in shares of VanEck Gold Miners ETF by 68.6% during the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock valued at $111,152,000 after purchasing an additional 493,000 shares in the last quarter. Finally, Arbor Investment Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at $469,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $75.78 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $50.44 and a fifty-two week high of $117.18. The stock has a market cap of $22.96 billion, a P/E ratio of 21.70 and a beta of 0.65. The firm’s fifty day moving average price is $83.66 and its 200-day moving average price is $92.32.

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.