Wealthspire Advisors LLC Has $1.86 Million Stake in VanEck Gold Miners ETF $GDX

Wealthspire Advisors LLC lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,760 shares of the exchange traded fund’s stock after selling 2,458 shares during the period. Wealthspire Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GDX. Bank of New York Mellon Corp boosted its position in shares of VanEck Gold Miners ETF by 18.8% during the 1st quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 1,741 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in VanEck Gold Miners ETF during the 1st quarter worth approximately $9,566,000. Efficient Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $459,000. Advisors Preferred LLC bought a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $592,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the 1st quarter worth about $44,000.

VanEck Gold Miners ETF Trading Up 1.0%

NYSEARCA GDX opened at $76.39 on Thursday. The business has a fifty day simple moving average of $74.50 and a 200 day simple moving average of $61.32. VanEck Gold Miners ETF has a 12 month low of $33.42 and a 12 month high of $85.08. The firm has a market capitalization of $22.94 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.