WealthTrust Axiom LLC Invests $212,000 in VanEck Gold Miners ETF (NYSEARCA:GDX)

WealthTrust Axiom LLC bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,826 shares of the exchange traded fund’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently modified their holdings of GDX. JPMorgan Chase & Co. grew its position in shares of VanEck Gold Miners ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after acquiring an additional 1,920,723 shares during the period. Desjardins Global Asset Management Inc. grew its position in shares of VanEck Gold Miners ETF by 705.5% during the 4th 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. International Assets Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $33,675,000. Toronto Dominion Bank grew its position in shares of VanEck Gold Miners ETF by 31.5% during the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after acquiring an additional 738,786 shares during the period. Finally, Cadence Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $20,347,000.

VanEck Gold Miners ETF Stock Down 4.7 %

NYSEARCA:GDX opened at $33.12 on Wednesday. VanEck Gold Miners ETF has a 52 week low of $25.62 and a 52 week high of $36.26. The stock has a market capitalization of $13.85 billion, a PE ratio of 28.20 and a beta of 0.81. The stock’s 50-day moving average price is $30.81 and its 200-day moving average price is $29.71.

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.