6,979 Shares in VanEck Gold Miners ETF $GDX Purchased by Broussard Financial Group LLC

Broussard Financial Group LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,979 shares of the exchange traded fund’s stock, valued at approximately $599,000. VanEck Gold Miners ETF accounts for about 0.5% of Broussard Financial Group LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC boosted its holdings in VanEck Gold Miners ETF by 0.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after purchasing an additional 112 shares during the last quarter. KFA Private Wealth Group LLC boosted its holdings in VanEck Gold Miners ETF by 2.7% during the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 117 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in VanEck Gold Miners ETF by 11.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 130 shares during the last quarter. Chemistry Wealth Management LLC boosted its holdings in VanEck Gold Miners ETF by 1.0% during the third quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,063,000 after purchasing an additional 136 shares during the last quarter. Finally, LifeGoal Investments LLC boosted its holdings in VanEck Gold Miners ETF by 3.6% during the fourth quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 164 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $88.29 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $45.10 and a fifty-two week high of $117.18. The stock has a market cap of $27.44 billion, a PE ratio of 21.70 and a beta of 0.71. The firm’s 50-day simple moving average is $96.60 and its 200 day simple moving average is $90.28.

VanEck Gold Miners ETF 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.