IFP Advisors Inc Raises Holdings in VanEck Gold Miners ETF $GDX

IFP Advisors Inc raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 233.2% during the second quarter, Holdings Channel.com reports. The firm owned 216,648 shares of the exchange traded fund’s stock after purchasing an additional 151,621 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $16,346,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Squarepoint Ops LLC grew its position in shares of VanEck Gold Miners ETF by 33,645.0% during the second quarter. Squarepoint Ops LLC now owns 33,745 shares of the exchange traded fund’s stock worth $2,546,000 after buying an additional 33,645 shares in the last quarter. Baird Financial Group Inc. raised its holdings in VanEck Gold Miners ETF by 2.3% in the second quarter. Baird Financial Group Inc. now owns 162,718 shares of the exchange traded fund’s stock valued at $12,277,000 after acquiring an additional 3,674 shares in the last quarter. Edge Wealth Management LLC lifted its stake in VanEck Gold Miners ETF by 3.1% in the second quarter. Edge Wealth Management LLC now owns 6,484 shares of the exchange traded fund’s stock worth $489,000 after acquiring an additional 198 shares during the last quarter. Tucker Asset Management LLC lifted its stake in VanEck Gold Miners ETF by 171.4% in the second quarter. Tucker Asset Management LLC now owns 1,596 shares of the exchange traded fund’s stock worth $120,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in VanEck Gold Miners ETF by 315.7% in the second quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock worth $1,449,000 after acquiring an additional 14,585 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 0.9%

NYSEARCA GDX opened at $98.41 on Wednesday. VanEck Gold Miners ETF has a 52 week low of $66.67 and a 52 week high of $117.18. The firm has a 50 day moving average of $85.37 and a two-hundred day moving average of $89.27. The stock has a market capitalization of $30.02 billion, a PE ratio of 21.70 and a beta of 0.70.

VanEck Gold Miners ETF Profile

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.