Money Concepts Capital Corp Purchases New Position in VanEck Gold Miners ETF $GDX

Money Concepts Capital Corp acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 96,771 shares of the exchange traded fund’s stock, valued at approximately $8,497,000.

A number of other institutional investors have also added to or reduced their stakes in GDX. PCG Wealth Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 74.4% during the second quarter. PCG Wealth Advisors LLC now owns 75,559 shares of the exchange traded fund’s stock worth $5,701,000 after buying an additional 32,230 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at $934,000. Ameritas Advisory Services LLC boosted its holdings in shares of VanEck Gold Miners ETF by 315.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 19,205 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 14,585 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 171.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 9,500 shares of the exchange traded fund’s stock valued at $717,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Canoe Financial LP bought a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $4,647,000.

VanEck Gold Miners ETF Stock Down 4.0%

Shares of GDX stock opened at $81.84 on Friday. The firm has a market capitalization of $25.33 billion, a P/E ratio of 13.65 and a beta of 0.70. VanEck Gold Miners ETF has a twelve month low of $69.74 and a twelve month high of $117.18. The stock’s fifty day simple moving average is $88.66 and its 200 day simple moving average is $89.96.

VanEck Gold Miners ETF Company Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.