Clearwater Capital Advisors LLC Grows Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Clearwater Capital Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 558,917 shares of the exchange traded fund’s stock after purchasing an additional 55,197 shares during the period. VanEck Gold Miners ETF makes up about 1.9% of Clearwater Capital Advisors LLC’s portfolio, making the stock its 14th biggest holding. Clearwater Capital Advisors LLC owned about 0.14% of VanEck Gold Miners ETF worth $17,673,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its holdings in VanEck Gold Miners ETF by 11.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 24,215 shares of the exchange traded fund’s stock worth $652,000 after acquiring an additional 2,419 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in VanEck Gold Miners ETF by 14.3% in the 4th quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 1,584 shares in the last quarter. Diversified Trust Co purchased a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $217,000. Cornerstone Wealth Management LLC increased its stake in VanEck Gold Miners ETF by 2.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 17,319 shares of the exchange traded fund’s stock valued at $537,000 after purchasing an additional 391 shares in the last quarter. Finally, Aries Wealth Management raised its holdings in shares of VanEck Gold Miners ETF by 12.9% in the fourth quarter. Aries Wealth Management now owns 42,482 shares of the exchange traded fund’s stock worth $1,317,000 after buying an additional 4,840 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 1.5 %

Shares of NYSEARCA:GDX traded down $0.57 on Thursday, hitting $37.87. 16,604,575 shares of the company were exchanged, compared to its average volume of 24,091,070. The stock’s 50 day moving average price is $35.33 and its 200 day moving average price is $31.91. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $39.41. The firm has a market capitalization of $15.14 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.