Cadence Wealth Management LLC Takes Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cadence Wealth Management LLC bought a new stake in VanEck Gold Miners ETF (NYSEARCA:GDX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 568,184 shares of the exchange traded fund’s stock, valued at approximately $19,267,000. VanEck Gold Miners ETF makes up about 12.8% of Cadence Wealth Management LLC’s holdings, making the stock its 2nd biggest holding.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its holdings in VanEck Gold Miners ETF by 1,116.3% in the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after purchasing an additional 1,967,832 shares during the last quarter. Quadrature Capital Ltd purchased a new position in VanEck Gold Miners ETF in the third quarter valued at about $76,065,000. Raymond James Financial Inc. bought a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $64,425,000. Strategic Financial Concepts LLC lifted its holdings in VanEck Gold Miners ETF by 3,704.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after buying an additional 1,771,440 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $35,838,000.

VanEck Gold Miners ETF Stock Up 2.1 %

NYSEARCA:GDX opened at $44.57 on Tuesday. The business’s 50 day moving average is $39.68 and its two-hundred day moving average is $38.80. VanEck Gold Miners ETF has a 52 week low of $28.91 and a 52 week high of $45.38. The company has a market cap of $14.77 billion, a PE ratio of 20.34 and a beta of 0.95.

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.