IFP Advisors Inc Lowers Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

IFP Advisors Inc reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,469 shares of the exchange traded fund’s stock after selling 24,292 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $25,000. Aptus Capital Advisors LLC boosted its position in VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares during the period. Finally, Laurel Wealth Advisors LLC increased its holdings in VanEck Gold Miners ETF by 2,586.2% in the 4th quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $40.86 on Thursday. The business’s 50-day moving average is $37.84 and its two-hundred day moving average is $38.53. The firm has a market capitalization of $13.75 billion, a PE ratio of 22.76 and a beta of 0.96. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22.

VanEck Gold Miners ETF Company 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.