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

Cambridge Investment Research Advisors Inc. raised its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 73.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 670,429 shares of the exchange traded fund’s stock after purchasing an additional 283,515 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.17% of VanEck Gold Miners ETF worth $22,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Beacon Capital Management LLC lifted 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 acquiring an additional 500 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $26,000. Atwood & Palmer Inc. bought a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $27,000. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF during the first quarter worth about $31,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth about $32,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX traded down $0.01 during midday trading on Tuesday, reaching $39.22. The company’s stock had a trading volume of 8,456,287 shares, compared to its average volume of 23,000,150. The stock has a market capitalization of $15.68 billion, a P/E ratio of 28.03 and a beta of 0.85. The firm has a 50 day moving average price of $36.55 and a 200-day moving average price of $33.61. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $39.97.

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.