VanEck Gold Miners ETF $GDX Shares Purchased by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 74.4% in the 2nd quarter, Holdings Channel reports. The firm owned 75,559 shares of the exchange traded fund’s stock after purchasing an additional 32,230 shares during the quarter. VanEck Gold Miners ETF comprises about 1.3% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. PCG Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $5,701,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Avalon Trust Co acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $26,000. Eukles Asset Management acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Bayban acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $27,000. Princeton Global Asset Management LLC bought a new position in VanEck Gold Miners ETF in the first quarter worth about $27,000. Finally, Evolution Wealth Management Inc. bought a new position in VanEck Gold Miners ETF in the first quarter worth about $33,000.

VanEck Gold Miners ETF Stock Down 2.2%

Shares of GDX stock opened at $99.26 on Friday. The company has a market cap of $30.28 billion, a P/E ratio of 21.70 and a beta of 0.70. The business has a 50 day moving average of $84.44 and a two-hundred day moving average of $89.40. VanEck Gold Miners ETF has a 52 week low of $65.16 and a 52 week high of $117.18.

About VanEck Gold Miners ETF

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.