180 Wealth Advisors LLC Raises Stake in VanEck Gold Miners ETF $GDX

180 Wealth Advisors LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 107,204 shares of the exchange traded fund’s stock after buying an additional 2,210 shares during the period. VanEck Gold Miners ETF comprises 0.8% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. 180 Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $5,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank & Trust purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $68,000. Integrity Alliance LLC. purchased a new stake in VanEck Gold Miners ETF during the first quarter valued at about $254,000. Banque Pictet & Cie SA lifted its holdings in VanEck Gold Miners ETF by 1.5% during the second quarter. Banque Pictet & Cie SA now owns 66,000 shares of the exchange traded fund’s stock valued at $3,436,000 after purchasing an additional 1,000 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in VanEck Gold Miners ETF during the second quarter valued at about $569,000. Finally, Modera Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF during the first quarter valued at about $404,000.

VanEck Gold Miners ETF Stock Up 1.2%

NYSEARCA GDX opened at $73.79 on Friday. The company has a market cap of $21.66 billion, a PE ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52 week low of $33.42 and a 52 week high of $85.08. The firm’s 50-day simple moving average is $70.29 and its two-hundred day simple moving average is $57.84.

About VanEck Gold Miners ETF

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.