Summit Wealth Partners LLC Purchases Shares of 8,323 VanEck Gold Miners ETF (NYSEARCA:GDX)

Summit Wealth Partners LLC bought a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,323 shares of the exchange traded fund’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. Beacon Capital Management LLC grew its holdings in VanEck Gold Miners ETF by 202.4% during the 2nd quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in VanEck Gold Miners ETF during the first quarter valued at $27,000. Cedar Wealth Management LLC grew its stake in VanEck Gold Miners ETF by 63.4% during the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 339 shares in the last quarter. LRI Investments LLC bought a new stake in VanEck Gold Miners ETF in the 1st quarter valued at $31,000. Finally, Eagle Bay Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $40.47 on Wednesday. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $41.95. The business has a 50 day simple moving average of $38.23 and a two-hundred day simple moving average of $35.69. The stock has a market capitalization of $16.18 billion, a PE ratio of 28.03 and a beta of 0.85.

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.