VanEck Gold Miners ETF $GDX Position Increased by IHT Wealth Management LLC

IHT Wealth Management LLC raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,262 shares of the exchange traded fund’s stock after buying an additional 11,879 shares during the quarter. IHT Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,369,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. First Manhattan CO. LLC. purchased a new stake in VanEck Gold Miners ETF during the fourth quarter valued at about $836,000. Chicago Wealth Management Inc. lifted its position in shares of VanEck Gold Miners ETF by 0.8% in the fourth quarter. Chicago Wealth Management Inc. now owns 100,792 shares of the exchange traded fund’s stock worth $8,645,000 after purchasing an additional 759 shares in the last quarter. ClearAlpha Technologies LP purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $367,000. Asset One Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $7,479,000. Finally, Boothbay Fund Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 123.4% during the fourth quarter. Boothbay Fund Management LLC now owns 13,650 shares of the exchange traded fund’s stock worth $1,171,000 after purchasing an additional 72,050 shares during the period.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $84.36 on Thursday. The stock has a market cap of $25.99 billion, a P/E ratio of 21.70 and a beta of 0.60. The firm has a 50 day simple moving average of $89.71 and a 200 day simple moving average of $93.01. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18.

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.