Beck Capital Management LLC Raises Stock Position in VanEck Gold Miners ETF $GDX

Beck Capital Management LLC grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 467.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,575 shares of the exchange traded fund’s stock after purchasing an additional 35,066 shares during the quarter. Beck Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $3,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $27,000. Morton Brown Family Wealth LLC acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at about $36,000. Family Management Corp acquired a new position in VanEck Gold Miners ETF in the third quarter valued at about $38,000. Hantz Financial Services Inc. lifted its position in VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 337 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at about $51,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $80.03 on Friday. The firm’s 50-day moving average is $90.23 and its two-hundred day moving average is $92.79. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18. The stock has a market capitalization of $24.66 billion, a P/E ratio of 21.70 and a beta of 0.60.

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.