Meridian Investment Counsel Inc. Increases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Meridian Investment Counsel Inc. increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 107.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,450 shares of the exchange traded fund’s stock after purchasing an additional 6,450 shares during the period. Meridian Investment Counsel Inc.’s holdings in VanEck Gold Miners ETF were worth $422,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Financial Connections Group Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Roxbury Financial LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $25,000. Rothschild Investment LLC raised its holdings in shares of VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 500 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter worth $34,000.

VanEck Gold Miners ETF Trading Down 0.4 %

Shares of VanEck Gold Miners ETF stock opened at $45.57 on Monday. The company’s fifty day simple moving average is $41.29 and its two-hundred day simple moving average is $39.28. VanEck Gold Miners ETF has a 12-month low of $31.71 and a 12-month high of $46.94. The company has a market cap of $15.10 billion, a P/E ratio of 20.34 and a beta of 0.95.

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.