Wealthfront Advisers LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 21.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,654 shares of the exchange traded fund’s stock after acquiring an additional 5,489 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck Gold Miners ETF were worth $1,024,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of GDX. Raymond James Trust N.A. lifted its holdings in shares of VanEck Gold Miners ETF by 7.5% during the 1st quarter. Raymond James Trust N.A. now owns 12,539 shares of the exchange traded fund’s stock worth $481,000 after acquiring an additional 875 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at $59,000. Covestor Ltd increased its stake in shares of VanEck Gold Miners ETF by 21,728.6% in the 1st quarter. Covestor Ltd now owns 1,528 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 1,521 shares during the last quarter. Mather Group LLC. acquired a new position in shares of VanEck Gold Miners ETF during the 1st quarter worth $591,000. Finally, NewEdge Advisors LLC lifted its position in shares of VanEck Gold Miners ETF by 277.7% during the 1st quarter. NewEdge Advisors LLC now owns 115,063 shares of the exchange traded fund’s stock worth $4,414,000 after buying an additional 84,596 shares during the last quarter.
VanEck Gold Miners ETF Stock Up 0.3 %
VanEck Gold Miners ETF stock opened at $31.49 on Friday. The stock has a market cap of $12.95 billion, a PE ratio of 15.72 and a beta of 0.77. VanEck Gold Miners ETF has a 12-month low of $21.52 and a 12-month high of $36.26. The business’s 50-day moving average price is $31.03 and its two-hundred day moving average price is $31.38.
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.
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