Mayflower Financial Advisors LLC Takes $216,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Mayflower Financial Advisors LLC acquired a new position in VanEck Gold Miners ETF (NYSEARCA:GDX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,701 shares of the exchange traded fund’s stock, valued at approximately $216,000.

Several other hedge funds have also recently bought and sold shares of GDX. Investors Research Corp lifted its stake in VanEck Gold Miners ETF by 57.3% in the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 251 shares during the period. Millstone Evans Group LLC purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth approximately $34,000. Elequin Capital LP acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth $39,000. Mpwm Advisory Solutions LLC purchased a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $41,000. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF during the first quarter worth $42,000.

VanEck Gold Miners ETF Stock Down 1.1%

Shares of GDX stock opened at $51.24 on Friday. The business has a 50 day moving average of $51.24 and a two-hundred day moving average of $45.54. The company has a market cap of $15.19 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52 week low of $33.42 and a 52 week high of $54.70.

VanEck Gold Miners ETF Profile

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.