Kingswood Wealth Advisors LLC Increases Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Kingswood Wealth Advisors LLC boosted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,533 shares of the exchange traded fund’s stock after buying an additional 3,000 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Inc. AR increased its position in shares of VanEck Gold Miners ETF by 18.3% during the fourth quarter. Stephens Inc. AR now owns 69,163 shares of the exchange traded fund’s stock valued at $2,145,000 after acquiring an additional 10,688 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of VanEck Gold Miners ETF by 3.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock valued at $2,082,000 after purchasing an additional 2,133 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $33,675,000. CIBC Private Wealth Group LLC raised its stake in shares of VanEck Gold Miners ETF by 8.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 32,831 shares of the exchange traded fund’s stock worth $1,018,000 after purchasing an additional 2,491 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 39.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 30,474 shares of the exchange traded fund’s stock worth $964,000 after buying an additional 8,670 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 2.6 %

NYSEARCA GDX traded down $0.92 during trading hours on Wednesday, reaching $34.71. 17,624,572 shares of the company were exchanged, compared to its average volume of 23,645,801. The stock has a market capitalization of $13.88 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $39.41. The business’s 50 day simple moving average is $35.60 and its 200-day simple moving average is $32.64.

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.