Primoris Wealth Advisors LLC Sells 39,050 Shares of VanEck Gold Miners ETF $GDX

by · The Cerbat Gem

Primoris Wealth Advisors LLC trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 87.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,400 shares of the exchange traded fund’s stock after selling 39,050 shares during the period. Primoris Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of VanEck Gold Miners ETF by 766.7% in the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares during the period. Slate Path Capital LP acquired a new position in shares of VanEck Gold Miners ETF in the second quarter worth approximately $123,070,000. Rafferty Asset Management LLC increased its position in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the period. Teacher Retirement System of Texas raised its holdings in VanEck Gold Miners ETF by 99.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after purchasing an additional 650,000 shares during the last quarter. Finally, Invesco Ltd. bought a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $31,236,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $95.72 on Tuesday. The company’s 50 day moving average price is $82.58 and its 200-day moving average price is $70.58. VanEck Gold Miners ETF has a 52-week low of $35.10 and a 52-week high of $96.98. The company has a market capitalization of $28.69 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.

Read More

Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).