Spire Wealth Management Grows Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Spire Wealth Management lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,301 shares of the exchange traded fund’s stock after acquiring an additional 1,648 shares during the quarter. Spire Wealth Management’s holdings in VanEck Gold Miners ETF were worth $790,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Eastern Bank purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $25,000. Aptus Capital Advisors LLC lifted its stake in VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 329 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in VanEck Gold Miners ETF during the 3rd quarter worth about $49,000. St. Johns Investment Management Company LLC acquired a new position in VanEck Gold Miners ETF during the 3rd quarter worth about $49,000. Finally, Laurel Wealth Advisors LLC lifted its stake in VanEck Gold Miners ETF by 2,586.2% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 1.2 %

GDX opened at $40.03 on Wednesday. The stock’s 50-day moving average price is $36.52 and its 200 day moving average price is $37.99. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.