VanEck Gold Miners ETF $GDX Stake Reduced by IFP Advisors Inc

IFP Advisors Inc lowered its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 46.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,979 shares of the exchange traded fund’s stock after selling 100,669 shares during the period. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $10,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in VanEck Gold Miners ETF by 11.5% during the 1st quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after buying an additional 858,716 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of VanEck Gold Miners ETF by 282.0% during the 1st quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after buying an additional 1,987,920 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of VanEck Gold Miners ETF by 68.6% during the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after buying an additional 493,000 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of VanEck Gold Miners ETF by 17.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 967,226 shares of the exchange traded fund’s stock worth $82,959,000 after buying an additional 143,046 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $84,873,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $87.71 on Friday. VanEck Gold Miners ETF has a 52-week low of $68.13 and a 52-week high of $117.18. The company has a market cap of $26.58 billion, a P/E ratio of 21.70 and a beta of 0.68. The stock’s 50-day simple moving average is $93.62 and its 200 day simple moving average is $87.83.

VanEck Gold Miners ETF Profile

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.