VanEck Gold Miners ETF $GDX Shares Bought by Rockport Wealth LLC

Rockport Wealth LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 27.7% in the 1st quarter, HoldingsChannel reports. The fund owned 53,809 shares of the exchange traded fund’s stock after acquiring an additional 11,667 shares during the period. VanEck Gold Miners ETF accounts for approximately 0.9% of Rockport Wealth LLC’s holdings, making the stock its 28th largest holding. Rockport Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $4,938,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Redhawk Wealth Advisors Inc. increased its position in shares of VanEck Gold Miners ETF by 1,433.6% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock valued at $8,063,000 after purchasing an additional 87,880 shares during the period. Mainstay Capital Management LLC ADV bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $1,421,000. Sanders Morris Harris LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at $867,000. Rit Capital Partners PLC lifted its holdings in shares of VanEck Gold Miners ETF by 74.7% in the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after buying an additional 512,000 shares during the period. Finally, Cushing Capital Partners LLC boosted its stake in VanEck Gold Miners ETF by 45.8% during the fourth quarter. Cushing Capital Partners LLC now owns 24,867 shares of the exchange traded fund’s stock valued at $2,133,000 after buying an additional 7,809 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.2%

NYSEARCA:GDX opened at $74.00 on Thursday. The business’s 50-day moving average price is $82.56 and its 200 day moving average price is $91.88. The firm has a market cap of $22.59 billion, a P/E ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 52-week low of $50.44 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.