PCG Wealth Advisors LLC Has $12.54 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

PCG Wealth Advisors LLC decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,690 shares of the exchange traded fund’s stock after selling 60,539 shares during the period. VanEck Gold Miners ETF accounts for about 4.6% of PCG Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest holding. PCG Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $12,536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GDX. Eastern Bank bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $25,000. Aptus Capital Advisors LLC raised its position in VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares during the period. ORG Wealth Partners LLC purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at approximately $49,000. St. Johns Investment Management Company LLC purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at approximately $49,000. Finally, Laurel Wealth Advisors LLC raised its position in VanEck Gold Miners ETF by 2,586.2% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $37.95 on Friday. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The stock’s 50 day simple moving average is $36.37 and its two-hundred day simple moving average is $37.94. The company has a market cap of $15.17 billion, a PE ratio of 28.03 and a beta of 0.85.

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.