AK Global Asset Management LLC Purchases New Holdings in VanEck Gold Miners ETF $GDX

AK Global Asset Management LLC purchased a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,500 shares of the exchange traded fund’s stock, valued at approximately $558,000. VanEck Gold Miners ETF comprises 0.5% of AK Global Asset Management LLC’s portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Republic Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $29,000. Highline Wealth Partners LLC increased its position in shares of VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 135 shares during the last quarter. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Tradewinds Capital Management LLC increased its position in shares of VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 325 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $50,000.

VanEck Gold Miners ETF Trading Up 1.2%

Shares of GDX opened at $94.97 on Wednesday. The company has a market capitalization of $29.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.63. The stock has a 50 day moving average of $98.61 and a 200 day moving average of $88.16. VanEck Gold Miners ETF has a 12 month low of $41.17 and a 12 month high of $117.18.

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.