IFP Advisors Inc Decreases Holdings in VanEck Gold Miners ETF $GDX

IFP Advisors Inc cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 37.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,011 shares of the exchange traded fund’s stock after selling 18,612 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $2,369,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Constant Guidance Financial LLC bought a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $1,433,000. Tradewinds LLC. purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $1,568,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at approximately $848,000. EverSource Wealth Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 15.6% during the third quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after purchasing an additional 4,778 shares in the last quarter. Finally, Trek Financial LLC grew its position in shares of VanEck Gold Miners ETF by 43.4% in the 3rd quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after buying an additional 10,488 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $80.12 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $40.26 and a fifty-two week high of $117.18. The stock has a market cap of $24.45 billion, a PE ratio of 21.70 and a beta of 0.55. The firm’s 50-day simple moving average is $101.42 and its two-hundred day simple moving average is $86.25.

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.