Tradewinds LLC. Invests $693,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Tradewinds LLC. bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,449 shares of the exchange traded fund’s stock, valued at approximately $693,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GDX. Meridian Investment Counsel Inc. boosted its holdings in VanEck Gold Miners ETF by 107.5% during the fourth quarter. Meridian Investment Counsel Inc. now owns 12,450 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 6,450 shares in the last quarter. Summit Financial LLC lifted its position in shares of VanEck Gold Miners ETF by 47.7% during the 4th quarter. Summit Financial LLC now owns 61,046 shares of the exchange traded fund’s stock worth $2,070,000 after buying an additional 19,723 shares during the period. CIBC Private Wealth Group LLC boosted its stake in VanEck Gold Miners ETF by 9.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 40,109 shares of the exchange traded fund’s stock valued at $1,440,000 after buying an additional 3,490 shares in the last quarter. SCP Investment LP bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $773,000. Finally, Summit Securities Group LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth $644,000.

VanEck Gold Miners ETF Stock Up 0.9 %

Shares of VanEck Gold Miners ETF stock opened at $45.97 on Tuesday. The stock has a market capitalization of $15.24 billion, a P/E ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 12-month low of $31.71 and a 12-month high of $46.94. The company has a 50-day simple moving average of $41.47 and a 200 day simple moving average of $39.33.

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.