VanEck Gold Miners ETF $GDX Position Boosted by Cushing Capital Partners LLC

Cushing Capital Partners LLC increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 45.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,867 shares of the exchange traded fund’s stock after purchasing an additional 7,809 shares during the period. VanEck Gold Miners ETF accounts for about 1.6% of Cushing Capital Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Cushing Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $2,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KFA Private Wealth Group LLC raised its stake in 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 valued at $382,000 after buying an additional 117 shares in the last quarter. Highline Wealth Partners LLC grew its position in shares of VanEck Gold Miners ETF by 45.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 135 shares in the last quarter. Chemistry Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF by 1.0% in the 3rd quarter. Chemistry Wealth Management LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,063,000 after acquiring an additional 136 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of VanEck Gold Miners ETF by 1.7% in the 3rd quarter. Sound Income Strategies LLC now owns 10,140 shares of the exchange traded fund’s stock valued at $767,000 after acquiring an additional 169 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 7.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,583 shares of the exchange traded fund’s stock valued at $197,000 after acquiring an additional 169 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 4.1%

GDX stock opened at $85.79 on Friday. The stock’s 50 day simple moving average is $100.18 and its 200 day simple moving average is $86.88. VanEck Gold Miners ETF has a 12-month low of $40.26 and a 12-month high of $117.18. The firm has a market cap of $26.18 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.