Maridea Wealth Management LLC Invests $278,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

Maridea Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,203 shares of the exchange traded fund’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. Cerity Partners LLC increased its position in VanEck Gold Miners ETF by 51.4% during the 3rd quarter. Cerity Partners LLC now owns 67,626 shares of the exchange traded fund’s stock worth $2,693,000 after purchasing an additional 22,973 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in VanEck Gold Miners ETF during the third quarter worth approximately $438,000. FMR LLC increased its position in shares of VanEck Gold Miners ETF by 73.8% in the third quarter. FMR LLC now owns 472,334 shares of the exchange traded fund’s stock worth $18,808,000 after acquiring an additional 200,596 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of VanEck Gold Miners ETF by 5.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 18,957 shares of the exchange traded fund’s stock valued at $755,000 after acquiring an additional 1,000 shares during the period. Finally, CreativeOne Wealth LLC lifted its holdings in shares of VanEck Gold Miners ETF by 77.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 13,519 shares of the exchange traded fund’s stock valued at $538,000 after acquiring an additional 5,914 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 0.4 %

Shares of NYSEARCA GDX opened at $45.57 on Friday. The stock has a fifty day moving average price of $41.29 and a 200 day moving average price of $39.27. 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 has a 12-month low of $31.71 and a 12-month high of $46.94.

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.