Brighton Jones LLC Makes New $249,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Brighton Jones LLC acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,021 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pekin Hardy Strauss Inc. increased its stake in shares of VanEck Gold Miners ETF by 1.5% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 242,010 shares of the exchange traded fund’s stock valued at $7,505,000 after purchasing an additional 3,559 shares in the last quarter. WealthTrust Axiom LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $212,000. LGL Partners LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $200,000. Kestra Private Wealth Services LLC increased its stake in shares of VanEck Gold Miners ETF by 23.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 67,541 shares of the exchange traded fund’s stock valued at $2,094,000 after purchasing an additional 12,719 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its stake in shares of VanEck Gold Miners ETF by 6.6% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 18,830 shares of the exchange traded fund’s stock valued at $584,000 after purchasing an additional 1,170 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $33.46 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $36.26. The company has a 50 day simple moving average of $31.21 and a two-hundred day simple moving average of $29.79. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.