Aries Wealth Management Has $1.60 Million Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Aries Wealth Management cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,137 shares of the exchange traded fund’s stock after selling 405 shares during the period. Aries Wealth Management’s holdings in VanEck Gold Miners ETF were worth $1,598,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GDX. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $25,000. Financial Connections Group Inc. acquired a new position in VanEck Gold Miners ETF in the fourth quarter worth $25,000. Aptus Capital Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 329 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new position in VanEck Gold Miners ETF during the 3rd quarter worth about $49,000. Finally, Laurel Wealth Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 2,586.2% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,500 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 0.9 %

Shares of GDX stock opened at $42.51 on Friday. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The firm’s 50 day moving average is $37.10 and its 200-day moving average is $38.20. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.