Kovack Advisors Inc. Has $679,000 Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Kovack Advisors Inc. lifted its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 85.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,055 shares of the exchange traded fund’s stock after acquiring an additional 7,842 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Jane Street Group LLC raised its position in VanEck Gold Miners ETF by 649.7% during the 1st quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after purchasing an additional 14,046,913 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $104,346,000. National Bank of Canada FI increased its position in VanEck Gold Miners ETF by 89.0% during the 2nd quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock valued at $132,617,000 after purchasing an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC raised its holdings in VanEck Gold Miners ETF by 3,646.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after purchasing an additional 1,673,315 shares during the last quarter. Finally, Blackstone Inc. acquired a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth approximately $41,106,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $35.57 on Thursday. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The business’s 50 day moving average price is $39.92 and its two-hundred day moving average price is $37.37. The firm has a market cap of $14.22 billion, a PE ratio of 28.03 and a beta of 0.85.

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.