Cambridge Investment Research Advisors Inc. Acquires 283,515 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Cambridge Investment Research Advisors Inc. lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 73.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670,429 shares of the exchange traded fund’s stock after purchasing an additional 283,515 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $22,748,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in VanEck Gold Miners ETF during the 4th quarter valued at $1,044,000. New York State Common Retirement Fund grew its holdings in VanEck Gold Miners ETF by 8.8% during the 4th quarter. New York State Common Retirement Fund now owns 101,712 shares of the exchange traded fund’s stock worth $3,154,000 after acquiring an additional 8,260 shares in the last quarter. Truist Financial Corp increased its position in VanEck Gold Miners ETF by 87.7% during the 4th quarter. Truist Financial Corp now owns 683,441 shares of the exchange traded fund’s stock valued at $21,193,000 after purchasing an additional 319,324 shares during the period. Citizens Financial Group Inc. RI bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $2,120,000. Finally, Headlands Technologies LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $26,000.

VanEck Gold Miners ETF Stock Down 0.0 %

Shares of NYSEARCA GDX traded down $0.01 during midday trading on Tuesday, reaching $39.22. 8,456,287 shares of the company’s stock traded hands, compared to its average volume of 23,000,150. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The stock’s 50 day simple moving average is $36.55 and its 200-day simple moving average is $33.61. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $39.97.

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.