Beacon Advisors Holdings LLC Purchases New Stake in VanEck Gold Miners ETF $GDX

Beacon Advisors Holdings LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,813 shares of the exchange traded fund’s stock, valued at approximately $2,128,000. VanEck Gold Miners ETF comprises about 1.1% of Beacon Advisors Holdings LLC’s investment portfolio, making the stock its 24th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Delta Asset Management LLC TN increased its stake in shares of VanEck Gold Miners ETF by 9.1% during the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 100 shares during the period. Clear Creek Financial Management LLC boosted its stake in 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 purchasing an additional 112 shares during the period. KFA Private Wealth Group LLC boosted its stake in 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 purchasing an additional 117 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in VanEck Gold Miners ETF by 5.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock valued at $210,000 after buying an additional 117 shares in the last quarter. Finally, Vivaldi Capital Management LP grew its holdings in VanEck Gold Miners ETF by 1.4% in the 4th quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock valued at $770,000 after buying an additional 125 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $82.51 on Friday. The stock has a market capitalization of $25.42 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The business’s fifty day moving average price is $89.46 and its two-hundred day moving average price is $93.01. VanEck Gold Miners ETF has a fifty-two week low of $50.32 and a fifty-two week 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.