IFG Advisory LLC Purchases 640 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

IFG Advisory LLC increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,507 shares of the exchange traded fund’s stock after acquiring an additional 640 shares during the quarter. IFG Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $759,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. ORG Partners LLC boosted its position in shares of VanEck Gold Miners ETF by 32.9% in the first quarter. ORG Partners LLC now owns 1,010 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 250 shares during the period. Quadrant Private Wealth Management LLC boosted its position in shares of VanEck Gold Miners ETF by 0.6% in the first quarter. Quadrant Private Wealth Management LLC now owns 42,029 shares of the exchange traded fund’s stock valued at $1,932,000 after acquiring an additional 250 shares during the period. Investors Research Corp boosted its position in shares of VanEck Gold Miners ETF by 57.3% in the first quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 251 shares during the period. Guild Investment Management Inc. boosted its position in shares of VanEck Gold Miners ETF by 0.6% in the first quarter. Guild Investment Management Inc. now owns 54,172 shares of the exchange traded fund’s stock valued at $2,490,000 after acquiring an additional 305 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of VanEck Gold Miners ETF by 1.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 26,323 shares of the exchange traded fund’s stock valued at $893,000 after acquiring an additional 348 shares during the period.

VanEck Gold Miners ETF Trading Up 1.6%

Shares of GDX opened at $52.45 on Monday. The company has a market cap of $15.35 billion, a PE ratio of 21.70 and a beta of 0.77. The stock has a 50-day moving average price of $52.32 and a 200-day moving average price of $47.02. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $54.78.

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.