iA Global Asset Management Inc. Purchases New Shares in VanEck Gold Miners ETF $GDX

iA Global Asset Management Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, Holdings Channel.com reports. The fund purchased 100,000 shares of the exchange traded fund’s stock, valued at approximately $8,577,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morton Brown Family Wealth LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at $36,000. Family Management Corp purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $38,000. Activest Wealth Management purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at $50,000. Laurel Wealth Advisors LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at $56,000. Finally, HHM Wealth Advisors LLC raised its position in VanEck Gold Miners ETF by 560.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 560 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $87.35 on Monday. The firm has a market capitalization of $26.91 billion, a P/E ratio of 21.70 and a beta of 0.61. The business has a fifty day simple moving average of $93.44 and a 200 day simple moving average of $91.49. VanEck Gold Miners ETF has a 12 month low of $45.24 and a 12 month high of $117.18.

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.