IHT Wealth Management LLC Has $6.37 Million Position in VanEck Gold Miners ETF $GDX

IHT Wealth Management LLC increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 74,262 shares of the exchange traded fund’s stock after buying an additional 11,879 shares during the quarter. IHT Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,369,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of VanEck Gold Miners ETF by 0.7% during the fourth quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock worth $1,104,421,000 after purchasing an additional 90,514 shares during the period. Rafferty Asset Management LLC raised its position in VanEck Gold Miners ETF by 8.2% during the fourth quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock valued at $604,987,000 after acquiring an additional 534,856 shares in the last quarter. Caisse de depot et placement du Quebec bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $218,971,000. M&T Bank Corp raised its position in VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after acquiring an additional 1,998,748 shares in the last quarter. Finally, Rit Capital Partners PLC raised its position in VanEck Gold Miners ETF by 74.7% during the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after acquiring an additional 512,000 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $84.36 on Thursday. The firm has a market cap of $25.99 billion, a PE ratio of 21.70 and a beta of 0.60. The firm’s 50 day moving average price is $89.71 and its 200 day moving average price is $93.01. VanEck Gold Miners ETF has a twelve month low of $50.32 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.