Forte Asset Management LLC Acquires 1,719 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Forte Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,185 shares of the exchange traded fund’s stock after purchasing an additional 1,719 shares during the quarter. VanEck Gold Miners ETF comprises approximately 3.2% of Forte Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Forte Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $4,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GDX. JPMorgan Chase & Co. boosted its position in shares of VanEck Gold Miners ETF by 47.1% in the first quarter. JPMorgan Chase & Co. now owns 11,715,047 shares of the exchange traded fund’s stock valued at $378,982,000 after acquiring an additional 3,748,454 shares during the period. Desjardins Global Asset Management Inc. boosted its position in shares of VanEck Gold Miners ETF by 705.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after acquiring an additional 1,785,137 shares during the period. Vanderbilt University bought a new position in shares of VanEck Gold Miners ETF in the third quarter valued at approximately $36,612,000. Wellington Management Group LLP boosted its position in shares of VanEck Gold Miners ETF by 120.2% in the first quarter. Wellington Management Group LLP now owns 1,965,337 shares of the exchange traded fund’s stock valued at $75,370,000 after acquiring an additional 1,072,726 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $33,675,000.

VanEck Gold Miners ETF Trading Up 1.3 %

Shares of GDX stock traded up $0.43 during trading hours on Friday, reaching $34.18. The stock had a trading volume of 6,677,294 shares, compared to its average volume of 25,768,941. The stock’s fifty day simple moving average is $29.81 and its 200 day simple moving average is $29.34. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $36.26. The firm has a market capitalization of $14.29 billion, a PE ratio of 28.20 and a beta of 0.81.

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.