Taylor & Morgan Wealth Management LLC Invests $551,000 in VanEck Gold Miners ETF $GDX

Taylor & Morgan Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, Holdings Channel.com reports. The firm purchased 6,424 shares of the exchange traded fund’s stock, valued at approximately $551,000.

Other hedge funds have also added to or reduced their stakes in the company. New Republic Capital LLC acquired a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $29,000. Highline Wealth Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 135 shares in the last quarter. Family Management Corp acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $38,000. Tradewinds Capital Management LLC increased its stake in shares of VanEck Gold Miners ETF by 162.5% in the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 325 shares during the last quarter. Finally, Activest Wealth Management bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $50,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $96.01 on Thursday. VanEck Gold Miners ETF has a 52 week low of $40.26 and a 52 week high of $117.18. The stock has a market capitalization of $29.30 billion, a P/E ratio of 21.70 and a beta of 0.55. The stock has a fifty day moving average of $99.63 and a 200-day moving average of $87.34.

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.