Tandem Financial LLC Has $19.14 Million Stock Position in VanEck Gold Miners ETF $GDX

Tandem Financial LLC lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,196 shares of the exchange traded fund’s stock after acquiring an additional 34,434 shares during the period. VanEck Gold Miners ETF accounts for 18.4% of Tandem Financial LLC’s portfolio, making the stock its largest position. Tandem Financial LLC owned 0.07% of VanEck Gold Miners ETF worth $19,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Delta Asset Management LLC TN increased its position in VanEck Gold Miners ETF by 9.1% during 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 buying an additional 100 shares in the last quarter. Clear Creek Financial Management LLC increased its position in VanEck Gold Miners ETF by 0.8% during 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 buying an additional 112 shares in the last quarter. KFA Private Wealth Group LLC increased its position in VanEck Gold Miners ETF by 2.7% during 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 buying an additional 117 shares in the last quarter. Wakefield Asset Management LLLP increased its position in VanEck Gold Miners ETF by 0.4% during 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 buying an additional 129 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its position in VanEck Gold Miners ETF by 11.8% during 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 buying an additional 130 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $86.68 on Tuesday. The business’s 50-day moving average is $91.21 and its 200 day moving average is $92.60. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The firm has a market capitalization of $26.71 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.