VanEck Gold Miners ETF $GDX Position Decreased by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 49,623 shares of the exchange traded fund’s stock after selling 2,612 shares during the period. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $2,583,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hoey Investments Inc. boosted its position in shares of VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 213 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $26,000. RMG Wealth Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the second quarter worth about $34,000. EQ Wealth Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF in the first quarter worth about $42,000. Finally, NorthRock Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 69.1% in the first quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 380 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $75.78 on Friday. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $79.49. The company has a 50-day moving average of $66.58 and a two-hundred day moving average of $55.77. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77.

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.