Fourpath Capital Management LLC Acquires 9,456 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Fourpath Capital Management LLC grew its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,985 shares of the exchange traded fund’s stock after acquiring an additional 9,456 shares during the quarter. VanEck Gold Miners ETF comprises about 1.1% of Fourpath Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Fourpath Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Spire Wealth Management grew its holdings in VanEck Gold Miners ETF by 7.6% in the fourth quarter. Spire Wealth Management now owns 23,301 shares of the exchange traded fund’s stock worth $790,000 after purchasing an additional 1,648 shares during the last quarter. DAVENPORT & Co LLC increased its position in VanEck Gold Miners ETF by 4.6% during the 4th quarter. DAVENPORT & Co LLC now owns 83,617 shares of the exchange traded fund’s stock valued at $2,835,000 after buying an additional 3,676 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at about $214,000. Rule One Partners LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $3,561,000. Finally, Calton & Associates Inc. grew its stake in shares of VanEck Gold Miners ETF by 48.8% during the fourth quarter. Calton & Associates Inc. now owns 38,326 shares of the exchange traded fund’s stock worth $1,300,000 after acquiring an additional 12,573 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 1.5 %

Shares of VanEck Gold Miners ETF stock opened at $39.56 on Tuesday. The firm has a market capitalization of $15.81 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The company has a 50 day moving average price of $36.46 and a 200 day moving average price of $37.97.

VanEck Gold Miners ETF 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.