Gainplan LLC Trims Stock Holdings in VanEck Gold Miners ETF $GDX

Gainplan LLC decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 46.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,004 shares of the exchange traded fund’s stock after selling 19,979 shares during the period. VanEck Gold Miners ETF makes up about 0.5% of Gainplan LLC’s portfolio, making the stock its 20th biggest holding. Gainplan LLC’s holdings in VanEck Gold Miners ETF were worth $1,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Merit Financial Group LLC raised its stake in VanEck Gold Miners ETF by 73.2% in the 1st quarter. Merit Financial Group LLC now owns 10,358 shares of the exchange traded fund’s stock worth $476,000 after acquiring an additional 4,379 shares during the last quarter. Wedmont Private Capital purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $774,000. Capital Investment Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 6.4% during the 1st quarter. Capital Investment Advisors LLC now owns 19,460 shares of the exchange traded fund’s stock valued at $895,000 after buying an additional 1,165 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 10.5% during the 1st quarter. Farther Finance Advisors LLC now owns 23,837 shares of the exchange traded fund’s stock valued at $1,092,000 after buying an additional 2,270 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of VanEck Gold Miners ETF by 5.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,876 shares of the exchange traded fund’s stock valued at $684,000 after buying an additional 751 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $76.97 on Wednesday. The stock has a 50-day simple moving average of $65.08 and a two-hundred day simple moving average of $55.18. The firm has a market capitalization of $22.41 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $79.49.

VanEck Gold Miners ETF Company 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.