Fortis Group Advisors LLC Purchases 2,043 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Fortis Group Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,420 shares of the exchange traded fund’s stock after acquiring an additional 2,043 shares during the quarter. Fortis Group Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC raised its stake 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 purchasing an additional 500 shares during the period. Cedar Wealth Management LLC raised its position in shares of 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 buying an additional 339 shares during the last quarter. LRI Investments LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth $31,000. Eagle Bay Advisors LLC lifted 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 buying an additional 575 shares in the last quarter. Finally, Studio Investment Management LLC boosted its position in shares of VanEck Gold Miners ETF by 51.4% during the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 408 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 1.1 %

NYSEARCA GDX traded up $0.49 on Tuesday, reaching $43.71. The company had a trading volume of 3,850,432 shares, compared to its average volume of 22,331,414. The stock has a market capitalization of $17.47 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.01. The firm’s 50 day moving average price is $39.24 and its 200 day moving average price is $36.56.

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.