Strategic Financial Concepts LLC Grows Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Strategic Financial Concepts LLC increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,774 shares of the exchange traded fund’s stock after purchasing an additional 5,959 shares during the period. Strategic Financial Concepts LLC’s holdings in VanEck Gold Miners ETF were worth $1,823,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. increased its stake in VanEck Gold Miners ETF by 7.1% in the 4th quarter. Principal Securities Inc. now owns 12,329 shares of the exchange traded fund’s stock worth $418,000 after acquiring an additional 819 shares during the last quarter. Roxbury Financial LLC purchased a new stake in VanEck Gold Miners ETF during the fourth quarter valued at $25,000. Guyasuta Investment Advisors Inc. grew its stake in shares of VanEck Gold Miners ETF by 3.7% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 19,270 shares of the exchange traded fund’s stock worth $653,000 after buying an additional 690 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in shares of VanEck Gold Miners ETF by 14.4% in the 4th quarter. Aveo Capital Partners LLC now owns 103,844 shares of the exchange traded fund’s stock worth $3,521,000 after buying an additional 13,054 shares during the last quarter. Finally, Trademark Financial Management LLC raised its position in VanEck Gold Miners ETF by 13.5% during the fourth quarter. Trademark Financial Management LLC now owns 22,123 shares of the exchange traded fund’s stock valued at $750,000 after purchasing an additional 2,636 shares during the period.

VanEck Gold Miners ETF Trading Down 3.4 %

Shares of NYSEARCA:GDX opened at $41.08 on Tuesday. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The firm’s 50-day moving average is $37.24 and its 200 day moving average is $38.27. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.