Private Portfolio Partners LLC Boosts Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Private Portfolio Partners LLC raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.0% during the fourth quarter, Holdings Channel reports. The firm owned 16,493 shares of the exchange traded fund’s stock after buying an additional 1,366 shares during the quarter. Private Portfolio Partners LLC’s holdings in VanEck Gold Miners ETF were worth $559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $25,000. Roxbury Financial LLC purchased a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Rothschild Investment LLC grew its holdings in VanEck Gold Miners ETF by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $34,000.

VanEck Gold Miners ETF Trading Down 0.4 %

Shares of GDX stock opened at $45.80 on Wednesday. The firm has a 50-day moving average price of $41.64 and a 200 day moving average price of $39.37. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84. VanEck Gold Miners ETF has a twelve month low of $31.95 and a twelve month high of $46.94.

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.