Brookstone Capital Management Has $659,000 Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Brookstone Capital Management increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,853 shares of the exchange traded fund’s stock after purchasing an additional 1,682 shares during the quarter. Brookstone Capital Management’s holdings in VanEck Gold Miners ETF were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Theory Financial LLC increased its stake in shares of VanEck Gold Miners ETF by 20.4% in the third quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock valued at $3,306,000 after buying an additional 20,837 shares during the period. Stephens Inc. AR increased its stake in shares of VanEck Gold Miners ETF by 18.3% in the fourth quarter. Stephens Inc. AR now owns 69,163 shares of the exchange traded fund’s stock valued at $2,145,000 after buying an additional 10,688 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of VanEck Gold Miners ETF by 3.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock valued at $2,082,000 after buying an additional 2,133 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $33,675,000. Finally, Capital Investment Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 14.3% in the fourth quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after buying an additional 1,584 shares during the period.

VanEck Gold Miners ETF Trading Down 0.9 %

Shares of VanEck Gold Miners ETF stock opened at $33.93 on Monday. The business’s fifty day simple moving average is $34.53 and its 200 day simple moving average is $31.38. The firm has a market capitalization of $13.56 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $37.47.

VanEck Gold Miners ETF 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.