Wescott Financial Advisory Group LLC Acquires Shares of 4,077 VanEck Gold Miners ETF $GDX

Wescott Financial Advisory Group LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 4,077 shares of the exchange traded fund’s stock, valued at approximately $212,000.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in VanEck Gold Miners ETF by 18.8% in the first quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after acquiring an additional 1,741 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of VanEck Gold Miners ETF by 15.8% during the 1st quarter. Victory Capital Management Inc. now owns 475,712 shares of the exchange traded fund’s stock worth $21,868,000 after purchasing an additional 65,034 shares in the last quarter. IFP Advisors Inc grew its stake in shares of VanEck Gold Miners ETF by 14.9% during the 1st quarter. IFP Advisors Inc now owns 52,235 shares of the exchange traded fund’s stock worth $2,401,000 after purchasing an additional 6,766 shares during the period. WNY Asset Management LLC increased its holdings in shares of VanEck Gold Miners ETF by 9.6% in the 1st quarter. WNY Asset Management LLC now owns 9,674 shares of the exchange traded fund’s stock valued at $445,000 after purchasing an additional 850 shares in the last quarter. Finally, Mader & Shannon Wealth Management Inc. increased its holdings in shares of VanEck Gold Miners ETF by 1.3% in the 1st quarter. Mader & Shannon Wealth Management Inc. now owns 230,593 shares of the exchange traded fund’s stock valued at $10,600,000 after purchasing an additional 2,849 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 1.6%

GDX stock 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. VanEck Gold Miners ETF has a 52 week low of $33.42 and a 52 week high of $85.08. The company’s 50-day moving average price is $74.16 and its 200 day moving average price is $61.01.

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.