L.M. Kohn & Company Acquires New Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

L.M. Kohn & Company acquired a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,488 shares of the exchange traded fund’s stock, valued at approximately $252,000.

Other institutional investors have also recently made changes to their positions in the company. Investors Research Corp lifted its stake in VanEck Gold Miners ETF by 57.3% in the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 251 shares during the last quarter. Rothschild Investment LLC lifted its stake in VanEck Gold Miners ETF by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Millstone Evans Group LLC purchased a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $34,000. Elequin Capital LP purchased a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $39,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $41,000.

VanEck Gold Miners ETF Stock Down 1.3%

Shares of VanEck Gold Miners ETF stock opened at $52.29 on Friday. VanEck Gold Miners ETF has a 52-week low of $33.28 and a 52-week high of $54.70. The company has a 50 day moving average of $50.30 and a 200 day moving average of $43.42. The company has a market capitalization of $16.12 billion, a P/E ratio of 21.14 and a beta of 0.55.

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.