Meridian Investment Counsel Inc. Buys 6,450 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Meridian Investment Counsel Inc. boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 107.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,450 shares of the exchange traded fund’s stock after acquiring an additional 6,450 shares during the period. Meridian Investment Counsel Inc.’s holdings in VanEck Gold Miners ETF were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $25,000. Rothschild Investment LLC lifted its position in VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $34,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $45.57 on Monday. The firm has a fifty day moving average of $41.29 and a 200 day moving average of $39.28. VanEck Gold Miners ETF has a 52-week low of $31.71 and a 52-week high of $46.94. The firm has a market capitalization of $15.10 billion, a PE ratio of 20.34 and a beta of 0.95.

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.