Cassady Wealth & Retirement Planning LLC Acquires 8,908 Shares of VanEck Gold Miners ETF $GDX

Cassady Wealth & Retirement Planning LLC increased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 39.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,648 shares of the exchange traded fund’s stock after purchasing an additional 8,908 shares during the period. VanEck Gold Miners ETF accounts for 1.4% of Cassady Wealth & Retirement Planning LLC’s holdings, making the stock its 27th biggest holding. Cassady Wealth & Retirement Planning LLC’s holdings in VanEck Gold Miners ETF were worth $2,794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rit Capital Partners PLC lifted its position 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 worth $102,679,000 after buying an additional 512,000 shares in the last quarter. Sequent Planning LLC purchased a new position in VanEck Gold Miners ETF during the 4th quarter valued at approximately $491,000. MFA Wealth Services purchased a new position in VanEck Gold Miners ETF during the 4th quarter valued at approximately $510,000. Banque Pictet & Cie SA increased its stake in VanEck Gold Miners ETF by 13.9% in the 4th quarter. Banque Pictet & Cie SA now owns 83,500 shares of the exchange traded fund’s stock worth $7,162,000 after acquiring an additional 10,200 shares during the last quarter. Finally, Key Capital Management INC bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $492,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $73.57 on Thursday. The stock has a market capitalization of $22.44 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 1 year low of $51.37 and a 1 year high of $117.18. The business’s 50 day simple moving average is $79.01 and its 200-day simple moving average is $90.85.

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.