Professional Financial Advisors LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the exchange traded fund’s stock after purchasing an additional 769 shares during the quarter. Professional Financial Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $935,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in GDX. Natixis purchased a new position in VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Bessemer Group Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter worth about $29,000. GeoWealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $36,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $33,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter worth about $39,000.
VanEck Gold Miners ETF Trading Up 1.7 %
Shares of NYSEARCA GDX traded up $0.52 during midday trading on Thursday, reaching $31.48. 10,164,991 shares of the stock were exchanged, compared to its average volume of 24,183,141. The company has a market capitalization of $12.61 billion, a P/E ratio of 15.72 and a beta of 0.77. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $36.26. The stock has a 50 day moving average price of $28.13 and a 200-day moving average price of $28.83.
VanEck Gold Miners ETF 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.
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