SeaCrest Wealth Management LLC Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

SeaCrest Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,399 shares of the exchange traded fund’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDX. JPMorgan Chase & Co. grew its position in shares of VanEck Gold Miners ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in VanEck Gold Miners ETF by 33.7% during the 4th quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock valued at $314,757,000 after acquiring an additional 2,342,211 shares during the last quarter. Two Sigma Investments LP grew its holdings in VanEck Gold Miners ETF by 68.7% during the 4th quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock worth $130,594,000 after acquiring an additional 1,567,800 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after purchasing an additional 1,967,832 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $64,425,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $51.62 on Monday. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 21.14 and a beta of 0.55. VanEck Gold Miners ETF has a one year low of $32.84 and a one year high of $54.62. The company’s 50-day simple moving average is $48.61 and its 200-day simple moving average is $42.43.

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.