IFP Advisors Inc Acquires 33,178 Shares of VanEck Gold Miners ETF $GDX

IFP Advisors Inc increased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 107.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,186 shares of the exchange traded fund’s stock after buying an additional 33,178 shares during the quarter. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $5,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GDX. Morton Brown Family Wealth LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth $36,000. Family Management Corp bought a new stake in VanEck Gold Miners ETF during the third quarter worth $38,000. Activest Wealth Management bought a new stake in VanEck Gold Miners ETF during the third quarter worth $50,000. Laurel Wealth Advisors LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth $56,000. Finally, HHM Wealth Advisors LLC lifted its holdings in VanEck Gold Miners ETF by 560.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 560 shares during the period.

VanEck Gold Miners ETF Trading Up 3.1%

Shares of VanEck Gold Miners ETF stock opened at $86.36 on Thursday. The business’s fifty day simple moving average is $92.48 and its 200 day simple moving average is $91.79. The firm has a market capitalization of $26.61 billion, a P/E ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 12 month low of $48.70 and a 12 month high of $117.18.

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.