VanEck Gold Miners ETF $GDX Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 84.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,862 shares of the exchange traded fund’s stock after selling 43,875 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GDX. Avalon Trust Co purchased a new position in VanEck Gold Miners ETF in the 1st quarter valued at approximately $26,000. Eukles Asset Management purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $27,000. Bayban purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $27,000. Princeton Global Asset Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth $27,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at $33,000.

VanEck Gold Miners ETF Trading Down 0.4%

NYSEARCA:GDX opened at $90.12 on Wednesday. The firm has a market cap of $27.50 billion, a PE ratio of 21.70 and a beta of 0.65. The stock has a fifty day moving average price of $78.24 and a 200 day moving average price of $89.91. VanEck Gold Miners ETF has a 12-month low of $56.59 and a 12-month high of $117.18.

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.