Opal Wealth Advisors LLC Makes New $226,000 Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Opal Wealth Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDXFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,923 shares of the exchange traded fund’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDX. Roxbury Financial LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $25,000. Investors Research Corp boosted its position in VanEck Gold Miners ETF by 57.3% during the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 251 shares during the period. Rothschild Investment LLC boosted 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 purchasing an additional 500 shares during the period. Millstone Evans Group LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $34,000. Finally, Elequin Capital LP bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $39,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $54.46 on Friday. The firm has a 50-day moving average of $49.56 and a 200-day moving average of $42.88. The stock has a market cap of $16.79 billion, a PE ratio of 21.14 and a beta of 0.55. VanEck Gold Miners ETF has a 52-week low of $32.84 and a 52-week high of $54.70.

VanEck Gold Miners ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for VanEck Gold Miners ETF (NYSEARCA:GDX)

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