Argyle Capital Partners LLC Cuts Stock Position in VanEck Gold Miners ETF $GDX

Argyle Capital Partners LLC decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,299 shares of the exchange traded fund’s stock after selling 9,506 shares during the quarter. VanEck Gold Miners ETF comprises about 1.2% of Argyle Capital Partners LLC’s investment portfolio, making the stock its 19th largest position. Argyle Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $1,473,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hoey Investments Inc. increased its holdings in shares of VanEck Gold Miners ETF by 71.0% in the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 213 shares during the last quarter. Creekmur Asset Management LLC grew its position in VanEck Gold Miners ETF by 147.2% in the second quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 362 shares in the last quarter. RMG Wealth Management LLC bought a new stake in VanEck Gold Miners ETF during the second quarter worth approximately $34,000. First Command Advisory Services Inc. purchased a new stake in VanEck Gold Miners ETF during the second quarter valued at approximately $35,000. Finally, WealthShield Partners LLC raised its position in VanEck Gold Miners ETF by 73.9% during the first quarter. WealthShield Partners LLC now owns 1,038 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 441 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $81.61 on Wednesday. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The business has a 50 day simple moving average of $76.01 and a 200-day simple moving average of $63.39. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $85.08.

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.