IFP Advisors Inc Sells 18,612 Shares of VanEck Gold Miners ETF $GDX

IFP Advisors Inc lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 37.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 31,011 shares of the exchange traded fund’s stock after selling 18,612 shares during the period. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $2,369,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. New Republic Capital LLC bought a new stake in VanEck Gold Miners ETF during the third quarter worth $29,000. Highline Wealth Partners LLC increased its holdings in VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 135 shares during the last quarter. Family Management Corp bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $38,000. Tradewinds Capital Management LLC raised its stake in shares of VanEck Gold Miners ETF by 162.5% in the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 325 shares during the period. Finally, Activest Wealth Management bought a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at about $50,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $80.12 on Friday. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $40.26 and a 1 year high of $117.18. The company’s fifty day simple moving average is $101.42 and its two-hundred day simple moving average is $86.25.

VanEck Gold Miners ETF Company Profile

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.