Principal Financial Group Inc. Increases Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Principal Financial Group Inc. lifted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,939 shares of the exchange traded fund’s stock after purchasing an additional 11,082 shares during the quarter. Principal Financial Group Inc.’s holdings in VanEck Gold Miners ETF were worth $1,456,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Roxbury Financial LLC purchased a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Eastern Bank bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $25,000. Financial Connections Group Inc. bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $25,000. Aptus Capital Advisors LLC lifted its position in VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in VanEck Gold Miners ETF by 2,586.2% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $41.70 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $28.91 and a fifty-two week high of $44.22. The stock has a 50 day moving average price of $38.41 and a two-hundred day moving average price of $38.62. The company has a market capitalization of $14.03 billion, a P/E ratio of 22.76 and a beta of 0.96.

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.