VanEck Gold Miners ETF $GDX Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 99.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,749 shares of the exchange traded fund’s stock after buying an additional 27,844 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $4,782,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Delta Asset Management LLC TN increased its holdings in VanEck Gold Miners ETF by 9.1% in the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 100 shares in the last quarter. Clear Creek Financial Management LLC raised its position in VanEck Gold Miners ETF by 0.8% in the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after purchasing an additional 112 shares during the period. KFA Private Wealth Group LLC lifted its stake in shares of 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 in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF by 5.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after buying an additional 117 shares during the period. Finally, Wakefield Asset Management LLLP boosted its position in shares of VanEck Gold Miners ETF by 0.4% in the fourth quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock worth $2,974,000 after buying an additional 129 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $77.72 on Friday. The business’s 50-day simple moving average is $90.55 and its 200 day simple moving average is $92.88. The company has a market cap of $23.95 billion, a P/E ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18.

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.