Comprehensive Wealth Management LLC Increases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Comprehensive Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 84.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,139 shares of the exchange traded fund’s stock after purchasing an additional 15,662 shares during the quarter. VanEck Gold Miners ETF comprises about 0.9% of Comprehensive Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Comprehensive Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kiker Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $473,000. DCF Advisers LLC grew its stake in shares of VanEck Gold Miners ETF by 32.0% during the 4th quarter. DCF Advisers LLC now owns 82,500 shares of the exchange traded fund’s stock worth $2,798,000 after purchasing an additional 20,000 shares during the period. Berkeley Capital Partners LLC grew its stake in shares of VanEck Gold Miners ETF by 1.1% during the 4th quarter. Berkeley Capital Partners LLC now owns 158,590 shares of the exchange traded fund’s stock worth $5,378,000 after purchasing an additional 1,702 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of VanEck Gold Miners ETF by 54.5% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 62,315 shares of the exchange traded fund’s stock worth $2,113,000 after purchasing an additional 21,985 shares during the period. Finally, Cadence Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth $19,267,000.

VanEck Gold Miners ETF Stock Down 0.2 %

NYSEARCA:GDX opened at $45.16 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $29.59 and a fifty-two week high of $45.65. The stock has a market cap of $14.97 billion, a PE ratio of 20.34 and a beta of 0.95. The firm’s fifty day simple moving average is $40.25 and its 200-day simple moving average is $38.93.

About VanEck Gold Miners ETF

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.