Independent Financial Group LLC Invests $7.91 Million in VanEck Gold Miners ETF $GDX

Independent Financial Group LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 86,138 shares of the exchange traded fund’s stock, valued at approximately $7,905,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prosperity Consulting Group LLC raised its holdings in VanEck Gold Miners ETF by 13.0% in the 1st quarter. Prosperity Consulting Group LLC now owns 12,339 shares of the exchange traded fund’s stock valued at $1,132,000 after acquiring an additional 1,420 shares during the period. Frazier Financial Advisors LLC acquired a new stake in VanEck Gold Miners ETF during the first quarter worth approximately $92,000. Rockport Wealth LLC boosted its holdings in shares of VanEck Gold Miners ETF by 27.7% during the first quarter. Rockport Wealth LLC now owns 53,809 shares of the exchange traded fund’s stock worth $4,938,000 after acquiring an additional 11,667 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of VanEck Gold Miners ETF by 13.8% during the first quarter. Wealthfront Advisers LLC now owns 103,205 shares of the exchange traded fund’s stock worth $9,471,000 after acquiring an additional 12,529 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of VanEck Gold Miners ETF by 171.5% in the first quarter. Bank of New York Mellon Corp now owns 19,177 shares of the exchange traded fund’s stock valued at $1,760,000 after purchasing an additional 12,113 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 3.5%

VanEck Gold Miners ETF stock opened at $71.40 on Friday. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $50.44 and a 12 month high of $117.18. The stock’s 50 day moving average is $82.16 and its 200-day moving average is $91.74.

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.