VanEck Gold Miners ETF $GDX Stock Position Decreased by IFP Advisors Inc

IFP Advisors Inc cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 46.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 115,979 shares of the exchange traded fund’s stock after selling 100,669 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $10,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Axiom Investment Management LLC acquired a new position in shares of VanEck Gold Miners ETF during the first quarter worth about $934,000. PCG Wealth Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 74.4% during the second quarter. PCG Wealth Advisors LLC now owns 75,559 shares of the exchange traded fund’s stock worth $5,701,000 after buying an additional 32,230 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of VanEck Gold Miners ETF by 315.7% during the second quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 14,585 shares in the last quarter. Angeles Wealth Management LLC raised its position in VanEck Gold Miners ETF by 171.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock valued at $717,000 after buying an additional 6,000 shares during the last quarter. Finally, Trademark Financial Management LLC raised its position in VanEck Gold Miners ETF by 34.5% in the 1st quarter. Trademark Financial Management LLC now owns 28,133 shares of the exchange traded fund’s stock valued at $2,582,000 after buying an additional 7,214 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $87.71 on Friday. The firm has a market cap of $26.58 billion, a PE ratio of 21.70 and a beta of 0.68. The business’s 50 day simple moving average is $93.62 and its 200 day simple moving average is $87.83. VanEck Gold Miners ETF has a 52-week low of $68.13 and a 52-week high of $117.18.

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.