Welch & Forbes LLC Purchases 6,209 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Welch & Forbes LLC raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,901 shares of the exchange traded fund’s stock after purchasing an additional 6,209 shares during the period. Welch & Forbes LLC owned 0.06% of VanEck Gold Miners ETF worth $7,830,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Eastern Bank purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Financial Connections Group Inc. purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Roxbury Financial LLC purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Rothschild Investment LLC grew its position in VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 500 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 329 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 0.8 %

VanEck Gold Miners ETF stock opened at $41.36 on Friday. VanEck Gold Miners ETF has a 52 week low of $28.91 and a 52 week high of $44.22. The business has a 50-day simple moving average of $38.41 and a 200 day simple moving average of $38.62. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 22.76 and a beta of 0.96.

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.