Private Portfolio Partners LLC Grows Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Private Portfolio Partners LLC lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,493 shares of the exchange traded fund’s stock after buying an additional 1,366 shares during the period. Private Portfolio Partners LLC’s holdings in VanEck Gold Miners ETF were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GDX. Proficio Capital Partners LLC lifted its holdings in VanEck Gold Miners ETF by 1,116.3% during the 4th 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 in the last quarter. Quadrature Capital Ltd acquired a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at approximately $76,065,000. Raymond James Financial Inc. acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $64,425,000. Strategic Financial Concepts LLC grew its position in VanEck Gold Miners ETF by 3,704.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after buying an additional 1,771,440 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of VanEck Gold Miners ETF by 298.3% in the fourth quarter. Schroder Investment Management Group now owns 1,793,072 shares of the exchange traded fund’s stock valued at $60,552,000 after buying an additional 1,342,885 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 0.4 %

Shares of VanEck Gold Miners ETF stock opened at $45.80 on Wednesday. The firm’s 50-day moving average price is $41.64 and its 200 day moving average price is $39.37. The firm has a market capitalization of $14.86 billion, a PE ratio of 21.51 and a beta of 0.84. VanEck Gold Miners ETF has a twelve month low of $31.95 and a twelve month high of $46.94.

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.