Primoris Wealth Advisors LLC Buys 21,900 Shares of VanEck Gold Miners ETF $GDX

Primoris Wealth Advisors LLC raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 405.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,300 shares of the exchange traded fund’s stock after acquiring an additional 21,900 shares during the quarter. VanEck Gold Miners ETF accounts for about 1.4% of Primoris Wealth Advisors LLC’s holdings, making the stock its 24th largest position. Primoris Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,342,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GDX. Constant Guidance Financial LLC purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at $1,433,000. Advisory Alpha LLC acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $455,000. Tradewinds LLC. acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $1,568,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in VanEck Gold Miners ETF in the 3rd quarter valued at $848,000. Finally, EverSource Wealth Advisors LLC increased its stake in VanEck Gold Miners ETF by 15.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after buying an additional 4,778 shares during the period.

VanEck Gold Miners ETF Stock Down 1.7%

NYSEARCA GDX opened at $85.65 on Tuesday. The stock has a market capitalization of $26.39 billion, a P/E ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 52-week low of $45.10 and a 52-week high of $117.18. The firm has a 50-day moving average price of $96.60 and a 200 day moving average price of $90.44.

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.