Forte Asset Management LLC Buys 1,719 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Forte Asset Management LLC boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 152,185 shares of the exchange traded fund’s stock after purchasing an additional 1,719 shares during the quarter. VanEck Gold Miners ETF makes up about 3.2% of Forte Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Forte Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $4,719,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its holdings in VanEck Gold Miners ETF by 7.5% in the first quarter. Raymond James Trust N.A. now owns 12,539 shares of the exchange traded fund’s stock worth $481,000 after acquiring an additional 875 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in VanEck Gold Miners ETF in the first quarter worth about $59,000. Covestor Ltd boosted its holdings in VanEck Gold Miners ETF by 21,728.6% in the first quarter. Covestor Ltd now owns 1,528 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 1,521 shares in the last quarter. Mather Group LLC. acquired a new stake in VanEck Gold Miners ETF in the first quarter worth about $591,000. Finally, NewEdge Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 277.7% in the first quarter. NewEdge Advisors LLC now owns 115,063 shares of the exchange traded fund’s stock worth $4,414,000 after acquiring an additional 84,596 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX traded up $0.43 during trading on Friday, hitting $34.18. The company’s stock had a trading volume of 6,677,294 shares, compared to its average volume of 25,768,941. The company has a market cap of $14.29 billion, a PE ratio of 28.20 and a beta of 0.81. The business’s 50 day simple moving average is $29.81 and its 200-day simple moving average is $29.34. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $36.26.

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.