Professional Financial Advisors LLC Grows Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Professional Financial Advisors LLC lifted its holdings in VanEck Gold Miners ETF (NYSEARCA:GDXFree Report) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,596 shares of the exchange traded fund’s stock after acquiring an additional 706 shares during the quarter. Professional Financial Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of GDX. Pinnacle Wealth Management Group Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 3.7% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 84,331 shares of the exchange traded fund’s stock worth $2,860,000 after acquiring an additional 3,017 shares during the period. AdvisorNet Financial Inc grew its holdings in VanEck Gold Miners ETF by 20.8% during the 4th quarter. AdvisorNet Financial Inc now owns 6,833 shares of the exchange traded fund’s stock valued at $232,000 after buying an additional 1,175 shares in the last quarter. Eastern Bank bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $25,000. Capital Investment Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 8.8% in the fourth quarter. Capital Investment Advisors LLC now owns 18,295 shares of the exchange traded fund’s stock worth $620,000 after buying an additional 1,483 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $308,000.

VanEck Gold Miners ETF Price Performance

GDX opened at $35.38 on Tuesday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The firm has a market capitalization of $14.14 billion, a P/E ratio of 28.03 and a beta of 0.85. The company has a fifty day moving average price of $36.43 and a 200-day moving average price of $37.85.

About VanEck Gold Miners ETF

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDXFree Report).

Institutional Ownership by Quarter for VanEck Gold Miners ETF (NYSEARCA:GDX)

Receive News & Ratings for VanEck Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.