Hollencrest Capital Management Purchases 11,750 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Hollencrest Capital Management raised its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,499 shares of the exchange traded fund’s stock after purchasing an additional 11,750 shares during the period. Hollencrest Capital Management’s holdings in VanEck Gold Miners ETF were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 1,116.3% in the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after acquiring an additional 1,967,832 shares during the period. Quadrature Capital Ltd bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth $76,065,000. Raymond James Financial Inc. bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $64,425,000. Strategic Financial Concepts LLC boosted its holdings in shares of VanEck Gold Miners ETF by 3,704.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after acquiring an additional 1,771,440 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth $35,838,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $41.84 on Wednesday. VanEck Gold Miners ETF has a one year low of $28.91 and a one year high of $44.22. The business has a fifty day moving average price of $38.99 and a 200-day moving average price of $38.67. The firm has a market capitalization of $14.07 billion, a P/E ratio of 22.76 and a beta of 0.96.

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.