Westover Capital Advisors LLC Grows Holdings in VanEck Gold Miners ETF $GDX

Westover Capital Advisors LLC lifted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 35.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 77,353 shares of the exchange traded fund’s stock after buying an additional 20,267 shares during the quarter. Westover Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $4,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Mosaic Family Wealth Partners LLC purchased a new position in VanEck Gold Miners ETF in the second quarter valued at $302,000. Bulltick Wealth Management LLC raised its stake in shares of VanEck Gold Miners ETF by 51.5% during the second quarter. Bulltick Wealth Management LLC now owns 25,223 shares of the exchange traded fund’s stock worth $1,313,000 after purchasing an additional 8,575 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of VanEck Gold Miners ETF by 42.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 10,000 shares of the exchange traded fund’s stock valued at $521,000 after acquiring an additional 3,000 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its position in VanEck Gold Miners ETF by 31.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 22,930 shares of the exchange traded fund’s stock worth $1,194,000 after purchasing an additional 5,530 shares in the last quarter. Finally, Delta Asset Management LLC TN purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at about $57,000.

VanEck Gold Miners ETF Stock Down 1.6%

NYSEARCA:GDX opened at $74.95 on Tuesday. The company has a market cap of $22.51 billion, a P/E ratio of 21.70 and a beta of 0.55. The firm’s 50 day moving average is $74.16 and its two-hundred day moving average is $61.01. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $85.08.

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.