Summit Financial LLC Boosts Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Summit Financial LLC increased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 47.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 61,046 shares of the exchange traded fund’s stock after acquiring an additional 19,723 shares during the period. Summit Financial LLC’s holdings in VanEck Gold Miners ETF were worth $2,070,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its position in shares of VanEck Gold Miners ETF by 1,116.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after buying an additional 1,967,832 shares during the period. Quadrature Capital Ltd bought a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at approximately $76,065,000. Raymond James Financial Inc. purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $64,425,000. Strategic Financial Concepts LLC raised its position in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after acquiring an additional 1,771,440 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of VanEck Gold Miners ETF by 298.3% in the 4th quarter. Schroder Investment Management Group now owns 1,793,072 shares of the exchange traded fund’s stock valued at $60,552,000 after purchasing an additional 1,342,885 shares during the period.

VanEck Gold Miners ETF Stock Up 0.9 %

Shares of GDX stock opened at $45.97 on Tuesday. The business’s fifty day moving average is $41.47 and its 200 day moving average is $39.33. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a twelve month low of $31.71 and a twelve month high of $46.94.

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.