Ausdal Financial Partners Inc. Increases Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Ausdal Financial Partners Inc. boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,341 shares of the exchange traded fund’s stock after purchasing an additional 249 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in VanEck Gold Miners ETF were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GDX. JPMorgan Chase & Co. raised its stake in VanEck Gold Miners ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after buying an additional 294,034 shares during the last quarter. Proficio Capital Partners LLC increased its stake in VanEck Gold Miners ETF by 1,116.3% during the 4th 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 in the last quarter. Quadrature Capital Ltd purchased a new position in shares of VanEck Gold Miners ETF in the third quarter worth $76,065,000. Raymond James Financial Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after buying an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $45.57 on Friday. The business has a fifty day moving average of $41.29 and a 200 day moving average of $39.25. VanEck Gold Miners ETF has a 1 year low of $31.71 and a 1 year high of $46.94. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95.

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.