Forte Asset Management LLC Takes Position in VanEck Gold Miners ETF $GDX

Forte Asset Management LLC purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the first quarter, HoldingsChannel reports. The firm purchased 28,190 shares of the exchange traded fund’s stock, valued at approximately $2,587,000.

Several other institutional investors have also recently bought and sold shares of GDX. Advisory Alpha LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $848,000. Redhawk Wealth Advisors Inc. raised its position in shares of VanEck Gold Miners ETF by 1,433.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after acquiring an additional 87,880 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $867,000. Finally, Mainstay Capital Management LLC ADV acquired a new position in shares of VanEck Gold Miners ETF during the third quarter valued at $1,421,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $78.43 on Friday. The business’s 50-day simple moving average is $84.94 and its 200 day simple moving average is $92.55. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12-month low of $50.35 and a 12-month 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.