HBW Advisory Services LLC Purchases 6,878 Shares of VanEck Gold Miners ETF $GDX

HBW Advisory Services LLC raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 99.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,811 shares of the exchange traded fund’s stock after purchasing an additional 6,878 shares during the quarter. HBW Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $1,267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GDX. Eukles Asset Management purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $27,000. Bayban bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at $27,000. Princeton Global Asset Management LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $33,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at $36,000.

VanEck Gold Miners ETF Trading Up 2.1%

VanEck Gold Miners ETF stock opened at $74.88 on Wednesday. VanEck Gold Miners ETF has a 12-month low of $50.44 and a 12-month high of $117.18. The firm has a 50-day moving average price of $82.93 and a 200-day moving average price of $91.99. The firm has a market capitalization of $22.86 billion, a PE ratio of 21.70 and a beta of 0.65.

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.