Magnus Financial Group LLC Acquires 12,395 Shares of VanEck Gold Miners ETF $GDX

Magnus Financial Group LLC increased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 44.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,403 shares of the exchange traded fund’s stock after acquiring an additional 12,395 shares during the quarter. Magnus Financial Group LLC’s holdings in VanEck Gold Miners ETF were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. New Republic Capital LLC bought a new position in VanEck Gold Miners ETF in the third quarter worth about $29,000. Highline Wealth Partners LLC grew its holdings in shares of VanEck Gold Miners ETF by 45.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 135 shares during the period. Family Management Corp bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $38,000. Tradewinds Capital Management LLC raised its position in shares of VanEck Gold Miners ETF by 162.5% in the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 325 shares in the last quarter. Finally, Activest Wealth Management purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $50,000.

VanEck Gold Miners ETF Stock Down 3.4%

Shares of GDX stock opened at $80.12 on Friday. The business’s fifty day moving average is $101.42 and its 200 day moving average is $86.25. The stock has a market cap of $24.45 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a twelve month low of $40.26 and a twelve month high of $117.18.

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.