VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,594,251 shares of the exchange traded fund’s stock after buying an additional 80,785 shares during the period. LPL Financial LLC owned about 1.13% of VanEck Gold Miners ETF worth $165,228,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Investors Research Corp boosted its holdings in VanEck Gold Miners ETF by 57.3% in the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 251 shares during the last quarter. Elequin Capital LP acquired a new stake in VanEck Gold Miners ETF in the 4th quarter worth about $39,000. Mpwm Advisory Solutions LLC acquired a new stake in VanEck Gold Miners ETF in the 4th quarter worth about $41,000. EQ Wealth Advisors LLC acquired a new stake in VanEck Gold Miners ETF in the 1st quarter worth about $42,000. Finally, IMA Advisory Services Inc. acquired a new stake in VanEck Gold Miners ETF in the 1st quarter worth about $44,000.

VanEck Gold Miners ETF Trading Down 2.5%

GDX stock opened at $52.59 on Tuesday. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $54.78. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. The business’s 50-day moving average is $52.10 and its 200 day moving average is $46.57.

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.