Arete Wealth Advisors LLC Grows Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Arete Wealth Advisors LLC boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,618 shares of the exchange traded fund’s stock after acquiring an additional 583 shares during the period. Arete Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Financial Connections Group Inc. bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in VanEck Gold Miners ETF during the 4th quarter valued at approximately $25,000. Rothschild Investment LLC increased its stake in VanEck Gold Miners ETF by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $34,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $41.68 on Monday. The stock has a 50 day moving average price of $42.04 and a 200-day moving average price of $39.47. VanEck Gold Miners ETF has a one year low of $32.20 and a one year high of $46.94. The company has a market capitalization of $13.52 billion, a P/E ratio of 21.51 and a beta of 0.84.

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.