Avidian Wealth Enterprises LLC Has $345,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Avidian Wealth Enterprises LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 80.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,676 shares of the exchange traded fund’s stock after selling 35,998 shares during the period. Avidian Wealth Enterprises LLC’s holdings in VanEck Gold Miners ETF were worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GDX. Capital Investment Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 1,580 shares in the last quarter. US Bancorp DE lifted its stake in VanEck Gold Miners ETF by 4.9% in the 1st quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock valued at $441,000 after acquiring an additional 649 shares in the last quarter. LRI Investments LLC bought a new stake in VanEck Gold Miners ETF in the 1st quarter valued at approximately $31,000. Clearbridge Investments LLC boosted its position in VanEck Gold Miners ETF by 9.4% during the 1st quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock worth $550,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in shares of VanEck Gold Miners ETF by 2.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock worth $583,000 after acquiring an additional 454 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 2.4 %

NYSEARCA GDX opened at $39.57 on Friday. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm’s 50 day moving average is $40.00 and its 200-day moving average is $37.25. The company has a market capitalization of $15.82 billion, a PE 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.