BNC Wealth Management LLC Raises Stock Position in VanEck Gold Miners ETF $GDX

BNC Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 2,084.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,782 shares of the exchange traded fund’s stock after acquiring an additional 84,718 shares during the quarter. VanEck Gold Miners ETF makes up approximately 2.0% of BNC Wealth Management LLC’s holdings, making the stock its 12th biggest holding. BNC Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $7,615,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Slate Path Capital LP purchased a new position in VanEck Gold Miners ETF during the second quarter valued at approximately $123,070,000. Rafferty Asset Management LLC increased its holdings in VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares during the period. Menora Mivtachim Holdings LTD. purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $70,231,000. Meitav Investment House Ltd. increased its holdings in VanEck Gold Miners ETF by 3,846.2% during the third quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock valued at $54,725,000 after buying an additional 700,000 shares during the period. Finally, Parker Investment Management LLC purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $52,704,000.

VanEck Gold Miners ETF Stock Up 0.2%

Shares of GDX stock opened at $98.35 on Friday. The firm has a market cap of $30.40 billion, a price-to-earnings ratio of 21.70 and a beta of 0.63. The company’s 50 day moving average is $98.13 and its 200 day moving average is $88.30. VanEck Gold Miners ETF has a 52-week low of $45.10 and a 52-week high of $117.18.

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.