GK Wealth Management LLC Takes Position in VanEck Gold Miners ETF $GDX

GK Wealth Management LLC purchased a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,820 shares of the exchange traded fund’s stock, valued at approximately $892,000.

Several other large investors have also recently made changes to their positions in the company. Avalon Trust Co purchased a new position in VanEck Gold Miners ETF in the 1st quarter valued at $26,000. Eukles Asset Management acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $27,000. Bayban acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $27,000. Princeton Global Asset Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $33,000.

VanEck Gold Miners ETF Trading Up 2.5%

GDX opened at $77.92 on Wednesday. VanEck Gold Miners ETF has a twelve month low of $54.57 and a twelve month high of $117.18. The firm has a market capitalization of $23.77 billion, a PE ratio of 21.70 and a beta of 0.65. The firm’s 50-day moving average price is $78.21 and its 200 day moving average price is $90.31.

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.