Avidian Wealth Enterprises LLC Boosts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Avidian Wealth Enterprises LLC boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,051 shares of the exchange traded fund’s stock after buying an additional 375 shares during the period. Avidian Wealth Enterprises LLC’s holdings in VanEck Gold Miners ETF were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. increased its position in shares of VanEck Gold Miners ETF by 5.5% during the fourth quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock worth $299,000 after purchasing an additional 462 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 12.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 1,301 shares in the last quarter. Tandem Financial LLC acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth $7,621,000. CWM LLC increased its position in shares of VanEck Gold Miners ETF by 55.8% during the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 6,694 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth $438,000.

VanEck Gold Miners ETF Trading Up 0.9 %

Shares of GDX stock opened at $42.51 on Friday. The business’s fifty day simple moving average is $37.10 and its 200-day simple moving average is $38.20. The company has a market cap of $16.99 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22.

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.