Kingswood Wealth Advisors LLC Increases Stake in VanEck Gold Miners ETF $GDX

Kingswood Wealth Advisors LLC raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 40.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,784 shares of the exchange traded fund’s stock after buying an additional 6,887 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Rafferty Asset Management LLC grew its holdings in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares in the last quarter. M&T Bank Corp grew its holdings in shares of VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of VanEck Gold Miners ETF by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after purchasing an additional 25,688 shares in the last quarter. Ion Asset Management Ltd. grew its holdings in shares of VanEck Gold Miners ETF by 0.5% in the second quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after purchasing an additional 4,420 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $70,231,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $94.48 on Thursday. The firm has a fifty day moving average price of $98.02 and a 200 day moving average price of $89.82. VanEck Gold Miners ETF has a fifty-two week low of $45.10 and a fifty-two week high of $117.18. The firm has a market cap of $29.40 billion, a PE ratio of 21.70 and a beta of 0.71.

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.