Fortis Group Advisors LLC Grows Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Fortis Group Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,420 shares of the exchange traded fund’s stock after buying an additional 2,043 shares during the quarter. Fortis Group Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Investment Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after acquiring an additional 1,580 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of VanEck Gold Miners ETF by 39.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 30,474 shares of the exchange traded fund’s stock valued at $964,000 after purchasing an additional 8,670 shares during the last quarter. US Bancorp DE boosted its holdings in shares of 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 worth $441,000 after purchasing an additional 649 shares during the period. St. Johns Investment Management Company LLC bought a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at approximately $44,000. Finally, LRI Investments LLC purchased a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $31,000.

VanEck Gold Miners ETF Stock Up 1.1 %

GDX traded up $0.49 during trading on Tuesday, reaching $43.71. The company had a trading volume of 3,850,432 shares, compared to its average volume of 22,331,414. The business has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $36.56. The stock has a market cap of $17.47 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.01.

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.