Kovack Advisors Inc. Acquires 27,845 Shares of VanEck Gold Miners ETF $GDX

Kovack Advisors Inc. raised its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 99.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,750 shares of the exchange traded fund’s stock after acquiring an additional 27,845 shares during the period. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $4,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Morton Brown Family Wealth LLC acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. increased its stake in shares of VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 337 shares during the period. Family Management Corp acquired a new position in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $38,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $51,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $77.72 on Friday. The business has a 50 day moving average of $90.55 and a 200-day moving average of $92.88. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The company has a market capitalization of $23.95 billion, a P/E ratio of 21.70 and a beta of 0.60.

VanEck Gold Miners ETF 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.