Redhawk Wealth Advisors Inc. Purchases New Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Redhawk Wealth Advisors Inc. purchased a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) during the first quarter, according to its most recent filing with the SEC. The firm purchased 4,583 shares of the exchange traded fund’s stock, valued at approximately $211,000.

A number of other hedge funds have also modified their holdings of the company. Rafferty Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 33.7% in 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 period. Two Sigma Investments LP raised its position in shares of VanEck Gold Miners ETF by 68.7% in the 4th quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock valued at $130,594,000 after acquiring an additional 1,567,800 shares during the period. Proficio Capital Partners LLC raised 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 valued at $72,707,000 after acquiring an additional 1,967,832 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $64,425,000. Finally, GLOBALT Investments LLC GA raised its position in shares of VanEck Gold Miners ETF by 1.4% in the 4th quarter. GLOBALT Investments LLC GA now owns 1,795,153 shares of the exchange traded fund’s stock valued at $60,874,000 after acquiring an additional 25,061 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $51.94 on Thursday. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 21.14 and a beta of 0.55. The firm’s 50 day simple moving average is $49.06 and its 200 day simple moving average is $42.65. VanEck Gold Miners ETF has a fifty-two week low of $32.84 and a fifty-two week high of $54.62.

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.