Flagship Harbor Advisors LLC Reduces Stock Position in VanEck Gold Miners ETF $GDX

Flagship Harbor Advisors LLC reduced its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 87.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,805 shares of the exchange traded fund’s stock after selling 59,218 shares during the period. Flagship Harbor Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GDX. Hurley Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $26,000. Hoey Investments Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 71.0% during the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 213 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter worth about $34,000. First Command Advisory Services Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the second quarter worth about $35,000. Finally, NorthRock Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 69.1% during the first quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 380 shares during the period.

VanEck Gold Miners ETF Trading Down 1.2%

VanEck Gold Miners ETF stock opened at $72.06 on Friday. The firm has a 50-day moving average of $71.87 and a 200-day moving average of $59.01. The firm has a market cap of $21.74 billion, a P/E ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $33.42 and a 1-year high of $85.08.

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.