Independent Advisor Alliance Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Independent Advisor Alliance bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,158 shares of the exchange traded fund’s stock, valued at approximately $989,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. lifted its holdings in VanEck Gold Miners ETF by 66.2% during the fourth quarter. Johnson Investment Counsel Inc. now owns 116,859 shares of the exchange traded fund’s stock worth $3,963,000 after acquiring an additional 46,546 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of VanEck Gold Miners ETF by 71.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,900 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 8,300 shares during the period. NBT Bank N A NY raised its stake in shares of VanEck Gold Miners ETF by 9.3% in the 4th quarter. NBT Bank N A NY now owns 68,848 shares of the exchange traded fund’s stock valued at $2,335,000 after purchasing an additional 5,863 shares during the period. Coordinated Financial Services Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $866,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of VanEck Gold Miners ETF by 92.6% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 129,932 shares of the exchange traded fund’s stock valued at $4,406,000 after purchasing an additional 62,477 shares during the period.

VanEck Gold Miners ETF Price Performance

GDX opened at $43.64 on Friday. The business’s 50-day moving average price is $39.48 and its two-hundred day moving average price is $38.75. VanEck Gold Miners ETF has a 1 year low of $28.91 and a 1 year high of $44.22. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95.

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.