Kovack Advisors Inc. Cuts Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Kovack Advisors Inc. reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,163 shares of the exchange traded fund’s stock after selling 392 shares during the quarter. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its holdings in VanEck Gold Miners ETF by 18.3% in the 4th quarter. Stephens Inc. AR now owns 69,163 shares of the exchange traded fund’s stock valued at $2,145,000 after purchasing an additional 10,688 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of VanEck Gold Miners ETF by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock valued at $2,082,000 after acquiring an additional 2,133 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $33,675,000. Capital Investment Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 14.3% during the fourth quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 1,584 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of VanEck Gold Miners ETF by 8.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 32,831 shares of the exchange traded fund’s stock valued at $1,018,000 after acquiring an additional 2,491 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $35.28 on Friday. The business has a 50-day moving average of $34.64 and a 200-day moving average of $31.48. The company has a market capitalization of $14.10 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $37.47.

VanEck Gold Miners ETF 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.