Seelaus Asset Management LLC Buys 3,205 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Seelaus Asset Management LLC grew its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,332 shares of the exchange traded fund’s stock after acquiring an additional 3,205 shares during the period. Seelaus Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atomi Financial Group Inc. raised its position in VanEck Gold Miners ETF by 5.5% during the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 462 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in VanEck Gold Miners ETF by 12.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock worth $390,000 after acquiring an additional 1,301 shares during the period. Tandem Financial LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $7,621,000. CWM LLC grew its holdings in VanEck Gold Miners ETF by 55.8% during the 3rd quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock worth $744,000 after acquiring an additional 6,694 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in VanEck Gold Miners ETF during the 3rd quarter valued at about $438,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $40.86 on Friday. The company has a 50 day moving average price of $36.73 and a 200-day moving average price of $38.06. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The stock has a market capitalization of $16.33 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.