Wealth Enhancement Advisory Services LLC Lowers Position in VanEck Gold Miners ETF $GDX

Wealth Enhancement Advisory Services LLC cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,832 shares of the exchange traded fund’s stock after selling 6,988 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of VanEck Gold Miners ETF worth $8,351,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Integrity Alliance LLC. purchased a new stake in VanEck Gold Miners ETF in the first quarter worth about $254,000. Modera Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter worth about $404,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at about $202,000. MGO One Seven LLC lifted its position in shares of VanEck Gold Miners ETF by 21.7% during the first quarter. MGO One Seven LLC now owns 51,254 shares of the exchange traded fund’s stock valued at $2,356,000 after buying an additional 9,132 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of VanEck Gold Miners ETF by 19.4% during the first quarter. Ameriprise Financial Inc. now owns 1,002,592 shares of the exchange traded fund’s stock valued at $46,080,000 after buying an additional 163,016 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $74.23 on Wednesday. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. The firm has a 50-day simple moving average of $60.47 and a two-hundred day simple moving average of $52.93. VanEck Gold Miners ETF has a one year low of $33.42 and a one year high of $75.28.

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.