Koa Wealth Management LLC Purchases 10,072 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Koa Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 27.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,979 shares of the exchange traded fund’s stock after purchasing an additional 10,072 shares during the quarter. VanEck Gold Miners ETF makes up about 1.3% of Koa Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Koa Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,593,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GDX. Quadrature Capital Ltd bought a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $76,065,000. Carrhae Capital LLP purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $43,073,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth approximately $35,838,000. Fiduciary Family Office LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in VanEck Gold Miners ETF by 70.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after buying an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 4.0 %

Shares of VanEck Gold Miners ETF stock opened at $39.42 on Friday. The company’s fifty day simple moving average is $36.40 and its two-hundred day simple moving average is $37.97. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm has a market cap of $15.76 billion, a PE ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.