Strategic Financial Concepts LLC Boosts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Strategic Financial Concepts LLC grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.5% during the fourth quarter, HoldingsChannel reports. The fund owned 53,774 shares of the exchange traded fund’s stock after acquiring an additional 5,959 shares during the quarter. Strategic Financial Concepts LLC’s holdings in VanEck Gold Miners ETF were worth $1,823,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Principal Securities Inc. boosted its position in VanEck Gold Miners ETF by 7.1% during the fourth quarter. Principal Securities Inc. now owns 12,329 shares of the exchange traded fund’s stock valued at $418,000 after purchasing an additional 819 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $25,000. Guyasuta Investment Advisors Inc. grew its position in shares of VanEck Gold Miners ETF by 3.7% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 19,270 shares of the exchange traded fund’s stock worth $653,000 after buying an additional 690 shares during the last quarter. Aveo Capital Partners LLC raised its stake in shares of VanEck Gold Miners ETF by 14.4% during the 4th quarter. Aveo Capital Partners LLC now owns 103,844 shares of the exchange traded fund’s stock worth $3,521,000 after acquiring an additional 13,054 shares in the last quarter. Finally, Trademark Financial Management LLC raised its stake in shares of VanEck Gold Miners ETF by 13.5% during the 4th quarter. Trademark Financial Management LLC now owns 22,123 shares of the exchange traded fund’s stock worth $750,000 after acquiring an additional 2,636 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 3.4 %

Shares of GDX opened at $41.08 on Tuesday. The company has a 50 day moving average of $37.24 and a two-hundred day moving average of $38.27. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

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.