VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,931 shares of the exchange traded fund’s stock after acquiring an additional 4,631 shares during the period. MGO One Seven LLC’s holdings in VanEck Gold Miners ETF were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth $300,000. Foundations Investment Advisors LLC purchased a new position in VanEck Gold Miners ETF in the 4th quarter valued at about $389,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $32,000. Financial Advocates Investment Management grew its holdings in shares of VanEck Gold Miners ETF by 156.6% during the fourth quarter. Financial Advocates Investment Management now owns 10,772 shares of the exchange traded fund’s stock worth $337,000 after buying an additional 29,813 shares in the last quarter. Finally, Gainplan LLC raised its position in shares of VanEck Gold Miners ETF by 14.6% in the fourth quarter. Gainplan LLC now owns 46,421 shares of the exchange traded fund’s stock valued at $1,440,000 after buying an additional 5,930 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $40.08 on Friday. The firm has a market cap of $16.02 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $40.22. The firm’s 50 day moving average price is $37.57 and its 200 day moving average price is $34.62.

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.