Hennion & Walsh Asset Management Inc. Boosts Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Hennion & Walsh Asset Management Inc. lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 18.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,707 shares of the exchange traded fund’s stock after buying an additional 2,968 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in VanEck Gold Miners ETF were worth $592,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GDX. Headlands Technologies LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $26,000. Atwood & Palmer Inc. purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $27,000. Atlantic Edge Private Wealth Management LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter valued at approximately $32,000. Family Asset Management LLC purchased a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $38,000. Finally, Mather Group LLC. bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth $42,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $34.03 on Wednesday. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $37.47. The company has a fifty day moving average of $34.58 and a 200-day moving average of $31.42. The company has a market capitalization of $13.60 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.