Accredited Wealth Management LLC Raises Holdings in VanEck Gold Miners ETF $GDX

Accredited Wealth Management LLC lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 608.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,689 shares of the exchange traded fund’s stock after purchasing an additional 28,074 shares during the quarter. VanEck Gold Miners ETF accounts for about 2.0% of Accredited Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Accredited Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDX. Constant Guidance Financial LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $1,433,000. Tradewinds LLC. bought a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $1,568,000. EverSource Wealth Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 15.6% in the third quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock worth $2,706,000 after acquiring an additional 4,778 shares during the period. Ethos Financial Group LLC purchased a new stake in VanEck Gold Miners ETF during the second quarter valued at $309,000. Finally, Trek Financial LLC increased its position in VanEck Gold Miners ETF by 43.4% during the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock valued at $2,647,000 after acquiring an additional 10,488 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $115.84 on Friday. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The stock’s 50-day simple moving average is $98.78 and its two-hundred day simple moving average is $82.12. VanEck Gold Miners ETF has a 52-week low of $38.58 and a 52-week high of $115.99.

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.