VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC boosted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 245.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,670 shares of the exchange traded fund’s stock after purchasing an additional 43,825 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,091,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in shares of VanEck Gold Miners ETF by 187.7% during the fourth quarter. Hsbc Holdings PLC now owns 376,672 shares of the exchange traded fund’s stock valued at $12,756,000 after purchasing an additional 245,743 shares during the period. IHT Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 10.0% in the 4th quarter. IHT Wealth Management LLC now owns 112,074 shares of the exchange traded fund’s stock worth $3,800,000 after acquiring an additional 10,230 shares during the period. J. Safra Sarasin Holding AG boosted its holdings in shares of VanEck Gold Miners ETF by 90.3% in the fourth quarter. J. Safra Sarasin Holding AG now owns 22,615 shares of the exchange traded fund’s stock valued at $767,000 after acquiring an additional 10,729 shares in the last quarter. MML Investors Services LLC raised its holdings in VanEck Gold Miners ETF by 29.4% during the fourth quarter. MML Investors Services LLC now owns 88,052 shares of the exchange traded fund’s stock worth $2,986,000 after purchasing an additional 19,999 shares in the last quarter. Finally, Natixis boosted its stake in VanEck Gold Miners ETF by 6,579.3% during the 4th quarter. Natixis now owns 41,679 shares of the exchange traded fund’s stock valued at $1,413,000 after purchasing an additional 41,055 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $51.66 on Tuesday. The stock has a market capitalization of $16.36 billion, a P/E ratio of 20.72 and a beta of 0.84. VanEck Gold Miners ETF has a 12-month low of $32.20 and a 12-month high of $53.25. The firm’s 50 day moving average is $43.99 and its 200-day moving average is $40.12.

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.