LFA Lugano Financial Advisors SA Increases Stock Position in VanEck Gold Miners ETF $GDX

LFA Lugano Financial Advisors SA lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 394.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,352 shares of the exchange traded fund’s stock after buying an additional 21,020 shares during the quarter. VanEck Gold Miners ETF makes up about 0.8% of LFA Lugano Financial Advisors SA’s holdings, making the stock its 28th biggest holding. LFA Lugano Financial Advisors SA’s holdings in VanEck Gold Miners ETF were worth $1,372,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hoey Investments Inc. boosted its stake in VanEck Gold Miners ETF by 71.0% during the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 213 shares in the last quarter. Hurley Capital LLC bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $26,000. Creekmur Asset Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 147.2% during the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 362 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $34,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $35,000.

VanEck Gold Miners ETF Stock Up 2.5%

GDX stock opened at $72.55 on Friday. VanEck Gold Miners ETF has a twelve month low of $33.42 and a twelve month high of $85.08. The firm has a market cap of $21.79 billion, a PE ratio of 21.70 and a beta of 0.55. The business has a 50 day moving average of $72.79 and a 200 day moving average of $59.75.

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.