Kovack Advisors Inc. Boosts Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Kovack Advisors Inc. boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 85.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,055 shares of the exchange traded fund’s stock after buying an additional 7,842 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after buying an additional 1,580 shares in the last quarter. US Bancorp DE increased its holdings in shares of VanEck Gold Miners ETF by 4.9% in the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 649 shares during the period. LRI Investments LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter worth $31,000. Clearbridge Investments LLC grew its position in VanEck Gold Miners ETF by 9.4% during the first quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock worth $550,000 after buying an additional 1,500 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in VanEck Gold Miners ETF by 2.7% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock worth $583,000 after acquiring an additional 454 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 1.5 %

NYSEARCA:GDX opened at $35.57 on Thursday. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The stock has a market cap of $14.22 billion, a P/E ratio of 28.03 and a beta of 0.85. The business’s 50-day moving average price is $39.92 and its two-hundred day moving average price is $37.37.

VanEck Gold Miners ETF Profile

(Free Report)

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.

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