Beacon Harbor Wealth Advisors Inc. Acquires 3,000 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Beacon Harbor Wealth Advisors Inc. lifted its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,500 shares of the exchange traded fund’s stock after purchasing an additional 3,000 shares during the period. Beacon Harbor Wealth Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GDX. Commonwealth Equity Services LLC boosted its holdings in VanEck Gold Miners ETF by 9.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 821,531 shares of the exchange traded fund’s stock worth $25,476,000 after acquiring an additional 73,058 shares in the last quarter. Yong Rong HK Asset Management Ltd bought a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $4,652,000. Phraction Management LLC boosted its holdings in VanEck Gold Miners ETF by 45.7% in the fourth quarter. Phraction Management LLC now owns 10,855 shares of the exchange traded fund’s stock worth $337,000 after acquiring an additional 3,405 shares in the last quarter. MONECO Advisors LLC boosted its holdings in VanEck Gold Miners ETF by 3.7% in the fourth quarter. MONECO Advisors LLC now owns 33,540 shares of the exchange traded fund’s stock worth $1,040,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $249,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock traded up $0.28 on Thursday, hitting $33.60. The company had a trading volume of 13,138,539 shares, compared to its average volume of 26,193,969. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $36.26. The stock has a 50 day moving average of $31.06 and a 200-day moving average of $29.76.

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.