VanEck Gold Miners ETF $GDX Shares Acquired by IFP Advisors Inc

IFP Advisors Inc lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 233.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 216,648 shares of the exchange traded fund’s stock after buying an additional 151,621 shares during the quarter. IFP Advisors Inc owned approximately 0.07% of VanEck Gold Miners ETF worth $16,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in VanEck Gold Miners ETF in the 1st quarter valued at about $26,000. Eukles Asset Management acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Bayban acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Princeton Global Asset Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $33,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $98.41 on Wednesday. The stock has a market capitalization of $30.02 billion, a P/E ratio of 21.70 and a beta of 0.70. The company has a 50 day moving average price of $85.37 and a 200 day moving average price of $89.27. VanEck Gold Miners ETF has a fifty-two week low of $66.67 and a fifty-two week high of $117.18.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.