Morton Capital Management LLC CA Has $2.77 Million Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Morton Capital Management LLC CA boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,798 shares of the exchange traded fund’s stock after purchasing an additional 11,825 shares during the quarter. VanEck Gold Miners ETF comprises 0.5% of Morton Capital Management LLC CA’s investment portfolio, making the stock its 17th biggest position. Morton Capital Management LLC CA’s holdings in VanEck Gold Miners ETF were worth $2,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GDX. BFI Infinity Ltd. acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $13,375,000. Hennion & Walsh Asset Management Inc. raised its position in VanEck Gold Miners ETF by 6.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 22,674 shares of the exchange traded fund’s stock valued at $769,000 after purchasing an additional 1,464 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in VanEck Gold Miners ETF by 2,586.2% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 25.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,215 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 852 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of VanEck Gold Miners ETF by 24.5% in the 4th quarter. Park Avenue Securities LLC now owns 20,563 shares of the exchange traded fund’s stock valued at $697,000 after purchasing an additional 4,053 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 0.3 %

Shares of GDX stock opened at $36.62 on Friday. The business has a fifty day simple moving average of $36.26 and a 200 day simple moving average of $37.85. The company has a market cap of $14.64 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 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.