VMS Asset Management Limited Makes New $7.38 Million Investment in VanEck Gold Miners ETF $GDX

VMS Asset Management Limited acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 86,010 shares of the exchange traded fund’s stock, valued at approximately $7,377,000. VanEck Gold Miners ETF makes up 2.8% of VMS Asset Management Limited’s portfolio, making the stock its 10th biggest holding.

Several other hedge funds also recently modified their holdings of the stock. Delta Asset Management LLC TN increased its stake in shares of VanEck Gold Miners ETF by 9.1% in the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 100 shares in the last quarter. Clear Creek Financial Management LLC increased its stake in shares of VanEck Gold Miners ETF by 0.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after acquiring an additional 112 shares in the last quarter. KFA Private Wealth Group LLC increased its stake in shares of VanEck Gold Miners ETF by 2.7% in the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 117 shares in the last quarter. Wakefield Asset Management LLLP increased its stake in shares of VanEck Gold Miners ETF by 0.4% in the 4th quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock valued at $2,974,000 after acquiring an additional 129 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in shares of VanEck Gold Miners ETF by 11.8% in 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.

VanEck Gold Miners ETF Trading Up 1.6%

Shares of GDX stock opened at $86.40 on Friday. The firm has a market capitalization of $26.62 billion, a PE ratio of 21.70 and a beta of 0.60. The firm has a fifty day simple moving average of $91.46 and a two-hundred day simple moving average of $92.79. VanEck Gold Miners ETF has a 12 month low of $50.32 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.