Rahlfs Capital LLC Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Rahlfs Capital LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,055 shares of the exchange traded fund’s stock, valued at approximately $1,562,000. VanEck Gold Miners ETF comprises approximately 1.5% of Rahlfs Capital LLC’s holdings, making the stock its 18th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in VanEck Gold Miners ETF by 5.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 751,134 shares of the exchange traded fund’s stock worth $25,471,000 after acquiring an additional 39,978 shares during the last quarter. Wedbush Securities Inc. raised its holdings in VanEck Gold Miners ETF by 7.7% during the 4th quarter. Wedbush Securities Inc. now owns 21,283 shares of the exchange traded fund’s stock valued at $722,000 after acquiring an additional 1,530 shares during the period. Aviva PLC purchased a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $556,000. Smith Moore & CO. grew its stake in VanEck Gold Miners ETF by 1.8% during the fourth quarter. Smith Moore & CO. now owns 105,867 shares of the exchange traded fund’s stock valued at $3,590,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Uniting Wealth Partners LLC purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $933,000.

VanEck Gold Miners ETF Trading Down 8.8 %

GDX stock opened at $41.68 on Friday. The company’s 50 day moving average is $42.04 and its 200 day moving average is $39.47. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84. VanEck Gold Miners ETF has a 1-year low of $32.20 and a 1-year high of $46.94.

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.