Advisor Resource Council Makes New Investment in VanEck Gold Miners ETF (NYSEARCA:GDX)

Advisor Resource Council bought a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,102 shares of the exchange traded fund’s stock, valued at approximately $313,000.

Several other institutional investors also recently made changes to their positions in GDX. PCG Wealth Advisors LLC boosted its position in VanEck Gold Miners ETF by 50.6% during the 1st quarter. PCG Wealth Advisors LLC now owns 412,084 shares of the exchange traded fund’s stock valued at $13,030,000 after purchasing an additional 138,386 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 19.1% during the first quarter. Westside Investment Management Inc. now owns 7,286 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 1,170 shares during the period. Quattro Financial Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 96,674.2% during the first quarter. Quattro Financial Advisors LLC now owns 30,000 shares of the exchange traded fund’s stock worth $949,000 after acquiring an additional 29,969 shares during the last quarter. Congress Wealth Management LLC DE grew its position in shares of VanEck Gold Miners ETF by 7.4% during the first quarter. Congress Wealth Management LLC DE now owns 297,853 shares of the exchange traded fund’s stock worth $9,418,000 after acquiring an additional 20,431 shares during the last quarter. Finally, Pettinga Financial Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 2.7% in the 1st quarter. Pettinga Financial Advisors LLC now owns 44,972 shares of the exchange traded fund’s stock worth $1,422,000 after acquiring an additional 1,187 shares during the period.

VanEck Gold Miners ETF Stock Up 3.7 %

Shares of NYSEARCA:GDX opened at $35.28 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $37.47. The company has a market cap of $14.10 billion, a PE ratio of 28.03 and a beta of 0.85. The company’s 50-day moving average price is $34.64 and its 200 day moving average price is $31.48.

VanEck Gold Miners ETF Company Profile

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.