VanEck Gold Miners ETF $GDX Stock Position Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 171.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 64,696 shares of the exchange traded fund’s stock after acquiring an additional 40,859 shares during the quarter. Farther Finance Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Worth Asset Management LLC bought a new position in VanEck Gold Miners ETF in the 2nd quarter valued at about $682,000. Fortress Wealth Management Inc. grew its stake in shares of VanEck Gold Miners ETF by 5.0% in the 2nd quarter. Fortress Wealth Management Inc. now owns 56,487 shares of the exchange traded fund’s stock worth $2,941,000 after purchasing an additional 2,681 shares during the last quarter. Secure Asset Management LLC acquired a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $1,151,000. Professional Financial Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 13.6% in the 2nd quarter. Professional Financial Advisors LLC now owns 25,269 shares of the exchange traded fund’s stock worth $1,315,000 after purchasing an additional 3,026 shares during the last quarter. Finally, Mirador Capital Partners LP acquired a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $1,064,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $72.36 on Monday. The firm’s 50 day moving average is $59.58 and its 200-day moving average is $52.55. The stock has a market capitalization of $21.18 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $72.53.

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.