Raymond James Financial Inc. Purchases Shares of 1,899,877 VanEck Gold Miners ETF (NYSEARCA:GDX)

Raymond James Financial Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,899,877 shares of the exchange traded fund’s stock, valued at approximately $64,425,000. Raymond James Financial Inc. owned about 0.48% of VanEck Gold Miners ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Centennial Wealth Advisory LLC boosted its holdings in shares of VanEck Gold Miners ETF by 2.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 10,576 shares of the exchange traded fund’s stock valued at $359,000 after purchasing an additional 288 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.5% during the 4th quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock valued at $118,000 after acquiring an additional 300 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 329 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of VanEck Gold Miners ETF by 4.3% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock valued at $307,000 after acquiring an additional 375 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of VanEck Gold Miners ETF by 0.5% during the 4th quarter. Vontobel Holding Ltd. now owns 70,026 shares of the exchange traded fund’s stock valued at $2,375,000 after acquiring an additional 377 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 2.7 %

NYSEARCA:GDX opened at $40.51 on Tuesday. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 22.76 and a beta of 0.96. The firm’s fifty day simple moving average is $38.83 and its 200 day simple moving average is $38.66. VanEck Gold Miners ETF has a twelve month low of $28.91 and a twelve month high of $44.22.

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.