World Equity Group Inc. Makes New $293,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

World Equity Group Inc. purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,628 shares of the exchange traded fund’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Roxbury Financial LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $25,000. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $25,000. Financial Connections Group Inc. bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $25,000. Aptus Capital Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 2,586.2% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.4 %

Shares of GDX opened at $40.97 on Tuesday. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The business’s fifty day moving average is $37.63 and its 200 day moving average is $38.48. The stock has a market cap of $16.38 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.