PCG Wealth Advisors LLC Grows Stock Position in VanEck Gold Miners ETF $GDX

PCG Wealth Advisors LLC raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 74.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,559 shares of the exchange traded fund’s stock after acquiring an additional 32,230 shares during the quarter. VanEck Gold Miners ETF accounts for about 1.3% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest holding. PCG Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $5,701,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GDX. Axiom Investment Management LLC acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at $934,000. Sequent Planning LLC acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth $491,000. Rit Capital Partners PLC increased its position in shares of VanEck Gold Miners ETF by 74.7% in the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after purchasing an additional 512,000 shares during the last quarter. Money Concepts Capital Corp increased its position in shares of VanEck Gold Miners ETF by 9.5% in the 4th quarter. Money Concepts Capital Corp now owns 88,658 shares of the exchange traded fund’s stock worth $7,604,000 after purchasing an additional 7,725 shares during the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $57,449,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $99.26 on Friday. VanEck Gold Miners ETF has a one year low of $65.16 and a one year high of $117.18. The company’s 50-day simple moving average is $84.44 and its 200-day simple moving average is $89.40. The stock has a market capitalization of $30.28 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.