Strategic Financial Concepts LLC Grows Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Strategic Financial Concepts LLC boosted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3,704.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,819,255 shares of the exchange traded fund’s stock after acquiring an additional 1,771,440 shares during the quarter. Strategic Financial Concepts LLC owned 0.46% of VanEck Gold Miners ETF worth $61,691,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GDX. Atomi Financial Group Inc. increased its position in shares of VanEck Gold Miners ETF by 5.5% during the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 462 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in VanEck Gold Miners ETF by 12.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after buying an additional 1,301 shares during the period. CWM LLC increased its holdings in VanEck Gold Miners ETF by 55.8% during the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock valued at $744,000 after buying an additional 6,694 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in VanEck Gold Miners ETF in the third quarter worth approximately $438,000. Finally, SMART Wealth LLC raised its position in VanEck Gold Miners ETF by 2.0% in the third quarter. SMART Wealth LLC now owns 28,658 shares of the exchange traded fund’s stock worth $1,141,000 after acquiring an additional 572 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $41.13 on Friday. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The firm has a fifty day moving average price of $36.66 and a 200-day moving average price of $38.03.

VanEck Gold Miners ETF 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.