Strait & Sound Wealth Management LLC Sells 7,651 Shares of VanEck Gold Miners ETF $GDX

Strait & Sound Wealth Management LLC decreased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 44.2% in the second quarter, Holdings Channel reports. The institutional investor owned 9,673 shares of the exchange traded fund’s stock after selling 7,651 shares during the quarter. Strait & Sound Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $504,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake in shares of VanEck Gold Miners ETF by 788.3% in the first quarter. Golden State Wealth Management LLC now owns 4,388 shares of the exchange traded fund’s stock worth $202,000 after purchasing an additional 3,894 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 13.0% in the first quarter. Sequoia Financial Advisors LLC now owns 22,799 shares of the exchange traded fund’s stock worth $1,048,000 after acquiring an additional 2,620 shares during the period. Transcend Capital Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 30.6% in the first quarter. Transcend Capital Advisors LLC now owns 23,946 shares of the exchange traded fund’s stock worth $1,101,000 after acquiring an additional 5,616 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of VanEck Gold Miners ETF in the first quarter worth $202,000. Finally, Crescent Grove Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF in the first quarter worth $289,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $72.80 on Friday. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $85.08. The firm has a market capitalization of $21.74 billion, a P/E ratio of 21.70 and a beta of 0.77. The business has a fifty day moving average of $70.58 and a 200 day moving average of $58.17.

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.