Valeo Financial Advisors LLC Makes New $236,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Valeo Financial Advisors LLC acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the fourth quarter, Holdings Channel.com reports. The firm acquired 7,594 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Theory Financial LLC grew its stake in shares of VanEck Gold Miners ETF by 20.4% in the 3rd quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock valued at $3,306,000 after buying an additional 20,837 shares during the period. International Assets Investment Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $33,675,000. Capital Investment Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 14.3% during the fourth quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 1,584 shares in the last quarter. Chevy Chase Trust Holdings LLC acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $13,822,000. Finally, Hudson Bay Capital Management LP lifted its holdings in shares of VanEck Gold Miners ETF by 29.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 32,250 shares of the exchange traded fund’s stock worth $868,000 after purchasing an additional 7,250 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 0.7 %

Shares of GDX stock opened at $33.52 on Tuesday. The firm has a fifty day simple moving average of $29.46 and a two-hundred day simple moving average of $29.24. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $36.26. The firm has a market capitalization of $14.01 billion, a PE ratio of 28.20 and a beta of 0.81.

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.