SFG Wealth Management LLC. Buys 7,124 Shares of VanEck Gold Miners ETF $GDX

SFG Wealth Management LLC. raised its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 36.0% during the fourth quarter, Holdings Channel reports. The firm owned 26,930 shares of the exchange traded fund’s stock after buying an additional 7,124 shares during the quarter. VanEck Gold Miners ETF makes up approximately 0.9% of SFG Wealth Management LLC.’s portfolio, making the stock its 22nd biggest position. SFG Wealth Management LLC.’s holdings in VanEck Gold Miners ETF were worth $2,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GDX. Clear Creek Financial Management LLC increased its position in shares of VanEck Gold Miners ETF by 0.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after buying an additional 112 shares during the period. KFA Private Wealth Group LLC lifted its holdings in VanEck Gold Miners ETF by 2.7% in the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 117 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in VanEck Gold Miners ETF by 11.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 130 shares in the last quarter. LifeGoal Investments LLC boosted its position in VanEck Gold Miners ETF by 3.6% during the 4th quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock valued at $409,000 after acquiring an additional 164 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of VanEck Gold Miners ETF by 5.2% during the 4th quarter. Fiduciary Alliance LLC now owns 3,391 shares of the exchange traded fund’s stock worth $291,000 after acquiring an additional 167 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $92.44 on Thursday. The firm has a market capitalization of $28.48 billion, a P/E ratio of 21.70 and a beta of 0.61. The stock has a 50 day moving average price of $95.83 and a 200-day moving average price of $90.53. VanEck Gold Miners ETF has a 52-week low of $45.10 and a 52-week high of $117.18.

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.