Marks Wealth LLC Invests $18.11 Million in VanEck Gold Miners ETF $GDX

Marks Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 237,024 shares of the exchange traded fund’s stock, valued at approximately $18,109,000. VanEck Gold Miners ETF comprises about 5.6% of Marks Wealth LLC’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors have also added to or reduced their stakes in GDX. Ethos Financial Group LLC bought a new stake in VanEck Gold Miners ETF during the second quarter worth $309,000. American National Bank & Trust acquired a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth $68,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth $10,277,000. Brookwood Investment Group LLC lifted its position in shares of VanEck Gold Miners ETF by 46.3% during the 3rd quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock worth $1,562,000 after buying an additional 6,472 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in VanEck Gold Miners ETF by 32.2% in the second quarter. Johnson Investment Counsel Inc. now owns 158,387 shares of the exchange traded fund’s stock valued at $8,246,000 after buying an additional 38,615 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.3%

VanEck Gold Miners ETF stock opened at $97.11 on Friday. The stock has a market cap of $29.14 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $36.12 and a 12-month high of $98.42. The business’s 50-day moving average price is $84.19 and its two-hundred day moving average price is $71.27.

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.