VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 71.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,046 shares of the exchange traded fund’s stock after selling 22,384 shares during the period. Financial Advocates Investment Management’s holdings in VanEck Gold Miners ETF were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC raised its stake in VanEck Gold Miners ETF by 202.4% during the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the period. LRI Investments LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at approximately $28,000. Cedar Wealth Management LLC lifted its holdings in VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Eagle Bay Advisors LLC grew its position in VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 575 shares during the period. Finally, Studio Investment Management LLC grew its position in VanEck Gold Miners ETF by 51.4% in the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 408 shares during the period.

VanEck Gold Miners ETF Stock Down 1.2 %

NYSEARCA:GDX opened at $39.85 on Monday. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The stock’s fifty day moving average is $39.95 and its two-hundred day moving average is $37.11. The company has a market capitalization of $15.93 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.