Primoris Wealth Advisors LLC Acquires 21,900 Shares of VanEck Gold Miners ETF $GDX

Primoris Wealth Advisors LLC increased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 405.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,300 shares of the exchange traded fund’s stock after purchasing an additional 21,900 shares during the period. VanEck Gold Miners ETF comprises about 1.4% of Primoris Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position. Primoris Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GDX. New Republic Capital LLC bought a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $29,000. Morton Brown Family Wealth LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $36,000. Family Management Corp bought a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Activest Wealth Management bought a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $50,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $56,000.

VanEck Gold Miners ETF Trading Down 1.7%

GDX opened at $85.65 on Tuesday. The stock has a market cap of $26.39 billion, a PE ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 1 year low of $45.10 and a 1 year high of $117.18. The stock’s 50 day simple moving average is $96.60 and its 200-day simple moving average is $90.44.

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.