Professional Financial Advisors LLC Acquires Shares of 28,107 VanEck Gold Miners ETF (NYSEARCA:GDX)

Professional Financial Advisors LLC bought a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 28,107 shares of the exchange traded fund’s stock, valued at approximately $846,000.

Several other institutional investors also recently modified their holdings of GDX. 180 Wealth Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 17.8% during the 2nd quarter. 180 Wealth Advisors LLC now owns 33,147 shares of the exchange traded fund’s stock valued at $1,017,000 after purchasing an additional 5,002 shares during the last quarter. Worth Asset Management LLC increased its stake in shares of VanEck Gold Miners ETF by 151.3% during the 2nd quarter. Worth Asset Management LLC now owns 23,908 shares of the exchange traded fund’s stock worth $720,000 after purchasing an additional 14,396 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of VanEck Gold Miners ETF by 14.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 182,974 shares of the exchange traded fund’s stock worth $5,509,000 after purchasing an additional 22,486 shares during the period. Versant Capital Management Inc grew its holdings in VanEck Gold Miners ETF by 5.9% during the second quarter. Versant Capital Management Inc now owns 217,173 shares of the exchange traded fund’s stock valued at $6,539,000 after purchasing an additional 12,037 shares during the period. Finally, Financial Management Professionals Inc. increased its position in VanEck Gold Miners ETF by 2,920.9% in the second quarter. Financial Management Professionals Inc. now owns 87,635 shares of the exchange traded fund’s stock worth $2,639,000 after buying an additional 84,734 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $29.75 on Tuesday. The stock has a market capitalization of $11.91 billion, a PE ratio of 15.72 and a beta of 0.77. VanEck Gold Miners ETF has a one year low of $21.52 and a one year high of $36.26. The business’s fifty day moving average price is $29.66 and its 200-day moving average price is $31.03.

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.