Lowe Wealth Advisors LLC Purchases 1,512 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Lowe Wealth Advisors LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,255 shares of the exchange traded fund’s stock after acquiring an additional 1,512 shares during the period. VanEck Gold Miners ETF accounts for 0.9% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Lowe Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $25,000. Financial Connections Group Inc. bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $25,000. Rothschild Investment LLC boosted its stake in VanEck Gold Miners ETF by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 500 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $34,000. Finally, Elequin Capital LP purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $39,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $50.28 on Friday. The business has a 50 day moving average of $47.77 and a 200 day moving average of $41.69. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 19.65 and a beta of 0.57. VanEck Gold Miners ETF has a 1-year low of $32.84 and a 1-year high of $53.25.

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.