Kingswood Wealth Advisors LLC Decreases Stock Holdings in VanEck Gold Miners ETF $GDX

Kingswood Wealth Advisors LLC trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,326 shares of the exchange traded fund’s stock after selling 7,990 shares during the period. Kingswood Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Merit Financial Group LLC boosted its holdings in shares of VanEck Gold Miners ETF by 73.2% in the first quarter. Merit Financial Group LLC now owns 10,358 shares of the exchange traded fund’s stock worth $476,000 after buying an additional 4,379 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of VanEck Gold Miners ETF by 10.5% in the first quarter. Farther Finance Advisors LLC now owns 23,837 shares of the exchange traded fund’s stock worth $1,092,000 after buying an additional 2,270 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 5.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 14,876 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 751 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth approximately $1,303,000. Finally, SG Americas Securities LLC boosted its holdings in shares of VanEck Gold Miners ETF by 294.7% in the first quarter. SG Americas Securities LLC now owns 578,710 shares of the exchange traded fund’s stock worth $26,603,000 after buying an additional 432,076 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 2.8%

GDX opened at $79.15 on Thursday. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. The company’s 50 day moving average is $65.63 and its 200 day moving average is $55.35. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $79.49.

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.