VanEck Gold Miners ETF $GDX Shares Acquired by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lifted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 468.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,499 shares of the exchange traded fund’s stock after purchasing an additional 37,494 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $3,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDX. New Republic Capital LLC purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $36,000. Family Management Corp purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $38,000. Tradewinds Capital Management LLC lifted its stake in VanEck Gold Miners ETF by 162.5% in the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 325 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $50,000.

VanEck Gold Miners ETF Trading Down 1.3%

Shares of NYSEARCA GDX opened at $87.11 on Friday. VanEck Gold Miners ETF has a twelve month low of $45.10 and a twelve month high of $117.18. The stock has a 50 day moving average of $96.60 and a two-hundred day moving average of $90.36. The stock has a market cap of $26.84 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.