WESPAC Advisors LLC Takes $485,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

WESPAC Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the third quarter, Holdings Channel.com reports. The fund acquired 12,186 shares of the exchange traded fund’s stock, valued at approximately $485,000.

Several other large investors have also added to or reduced their stakes in GDX. Kingsview Wealth Management LLC lifted its stake in VanEck Gold Miners ETF by 179.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 24,200 shares of the exchange traded fund’s stock worth $964,000 after purchasing an additional 15,545 shares in the last quarter. Cerity Partners LLC grew its position in shares of VanEck Gold Miners ETF by 51.4% during the 3rd quarter. Cerity Partners LLC now owns 67,626 shares of the exchange traded fund’s stock valued at $2,693,000 after purchasing an additional 22,973 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of VanEck Gold Miners ETF in the third quarter worth $225,000. Nwam LLC purchased a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $6,019,000. Finally, Meridian Wealth Management LLC boosted its stake in VanEck Gold Miners ETF by 7.6% during the third quarter. Meridian Wealth Management LLC now owns 157,354 shares of the exchange traded fund’s stock valued at $6,266,000 after buying an additional 11,171 shares during the period.

VanEck Gold Miners ETF Stock Up 0.4 %

VanEck Gold Miners ETF stock opened at $38.28 on Friday. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The business has a 50-day simple moving average of $39.84 and a 200 day simple moving average of $37.54. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22.

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.