Moulton Wealth Management Inc. Buys New Shares in VanEck Gold Miners ETF (NYSEARCA:GDX)

Moulton Wealth Management Inc. purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,538 shares of the exchange traded fund’s stock, valued at approximately $629,000.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC increased its holdings in VanEck Gold Miners ETF by 12.8% in the 4th 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 in the last quarter. CWM LLC boosted its position in shares of VanEck Gold Miners ETF by 55.8% in the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock worth $744,000 after purchasing an additional 6,694 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $438,000. SMART Wealth LLC raised its position in shares of VanEck Gold Miners ETF by 2.0% during the 3rd quarter. SMART Wealth LLC now owns 28,658 shares of the exchange traded fund’s stock valued at $1,141,000 after purchasing an additional 572 shares during the period. Finally, Verus Capital Partners LLC lifted its stake in shares of VanEck Gold Miners ETF by 2.0% during the 3rd quarter. Verus Capital Partners LLC now owns 19,343 shares of the exchange traded fund’s stock valued at $770,000 after buying an additional 382 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $36.75 on Monday. The stock has a fifty day simple moving average of $36.22 and a two-hundred day simple moving average of $37.92. The firm has a market capitalization of $14.69 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22.

About VanEck Gold Miners ETF

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.