BCS Private Wealth Management Inc. Grows Position in VanEck Gold Miners ETF $GDX

BCS Private Wealth Management Inc. boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,510 shares of the exchange traded fund’s stock after purchasing an additional 8,116 shares during the quarter. VanEck Gold Miners ETF comprises 1.2% of BCS Private Wealth Management Inc.’s portfolio, making the stock its 23rd largest position. BCS Private Wealth Management Inc.’s holdings in VanEck Gold Miners ETF were worth $3,646,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Virginia Wealth Management Group Inc. acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $219,000. Farther Finance Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 78.9% during the 4th quarter. Farther Finance Advisors LLC now owns 123,438 shares of the exchange traded fund’s stock valued at $10,587,000 after acquiring an additional 54,434 shares in the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of VanEck Gold Miners ETF by 22.6% during the 4th quarter. Freestone Capital Holdings LLC now owns 9,165 shares of the exchange traded fund’s stock valued at $786,000 after acquiring an additional 1,689 shares in the last quarter. Tyche Wealth Partners LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $499,000. Finally, Financial Connections Group Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 100.0% during the 4th quarter. Financial Connections Group Inc. now owns 1,500 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 750 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 2.0%

NYSEARCA:GDX opened at $100.75 on Wednesday. The firm has a market capitalization of $31.33 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71. The firm’s fifty day simple moving average is $98.38 and its 200 day simple moving average is $89.05. VanEck Gold Miners ETF has a twelve month low of $45.10 and a twelve month high of $117.18.

VanEck Gold Miners ETF Company 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.