IronBridge Private Wealth LLC Takes Position in VanEck Gold Miners ETF $GDX

IronBridge Private Wealth LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 137,232 shares of the exchange traded fund’s stock, valued at approximately $10,485,000. VanEck Gold Miners ETF comprises about 3.3% of IronBridge Private Wealth LLC’s portfolio, making the stock its 10th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC increased its position in shares of VanEck Gold Miners ETF by 10.8% during the 3rd quarter. Hara Capital LLC now owns 6,647 shares of the exchange traded fund’s stock valued at $508,000 after purchasing an additional 650 shares during the last quarter. Simplicity Wealth LLC boosted its stake in VanEck Gold Miners ETF by 5.1% in the third quarter. Simplicity Wealth LLC now owns 21,694 shares of the exchange traded fund’s stock worth $1,657,000 after buying an additional 1,046 shares in the last quarter. Avidian Wealth Enterprises LLC grew its position in VanEck Gold Miners ETF by 3.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 8,009 shares of the exchange traded fund’s stock valued at $612,000 after acquiring an additional 255 shares during the last quarter. Williams & Novak LLC raised its stake in shares of VanEck Gold Miners ETF by 12.2% during the third quarter. Williams & Novak LLC now owns 21,835 shares of the exchange traded fund’s stock worth $1,668,000 after acquiring an additional 2,380 shares in the last quarter. Finally, Americana Partners LLC raised its stake in shares of VanEck Gold Miners ETF by 65.6% during the third quarter. Americana Partners LLC now owns 20,040 shares of the exchange traded fund’s stock worth $1,531,000 after acquiring an additional 7,941 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $105.17 on Friday. VanEck Gold Miners ETF has a 52-week low of $36.84 and a 52-week high of $105.84. The stock has a market capitalization of $31.52 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The company has a fifty day moving average of $86.64 and a 200-day moving average of $72.94.

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.