VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 225.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,567 shares of the exchange traded fund’s stock after purchasing an additional 14,931 shares during the quarter. Farther Finance Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $731,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GDX. Roxbury Financial LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at $25,000. Eastern Bank purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Financial Connections Group Inc. acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at $25,000. Aptus Capital Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $43.64 on Friday. The stock has a 50-day simple moving average of $39.48 and a 200-day simple moving average of $38.75. The company has a market capitalization of $14.46 billion, a P/E ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a fifty-two week low of $28.91 and a fifty-two week 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.