20,449 Shares in VanEck Gold Miners ETF (NYSEARCA:GDX) Purchased by Tradewinds LLC.

Tradewinds LLC. acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, HoldingsChannel reports. The fund acquired 20,449 shares of the exchange traded fund’s stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDX. JPMorgan Chase & Co. boosted its position in VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after buying an additional 294,034 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of VanEck Gold Miners ETF by 1,116.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after acquiring an additional 1,967,832 shares during the period. Quadrature Capital Ltd bought a new position in VanEck Gold Miners ETF in the third quarter valued at about $76,065,000. Raymond James Financial Inc. acquired a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $64,425,000. Finally, Strategic Financial Concepts LLC raised its holdings in VanEck Gold Miners ETF by 3,704.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after purchasing an additional 1,771,440 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 0.9 %

Shares of NYSEARCA GDX opened at $45.97 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $31.71 and a 1 year high of $46.94. The firm’s 50-day moving average is $41.47 and its 200-day moving average is $39.33. The firm has a market capitalization of $15.24 billion, a PE ratio of 20.34 and a beta of 0.95.

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.