Kovack Advisors Inc. Has $290,000 Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Kovack Advisors Inc. decreased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,163 shares of the exchange traded fund’s stock after selling 392 shares during the period. Kovack Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDX. JPMorgan Chase & Co. lifted its position in VanEck Gold Miners ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after acquiring an additional 1,920,723 shares during the last quarter. Morgan Stanley increased its holdings in shares of VanEck Gold Miners ETF by 4.3% during the 3rd quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock worth $297,994,000 after purchasing an additional 460,687 shares during the period. Horizon Family Wealth Inc. bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $295,000. Harbour Investments Inc. increased its holdings in shares of VanEck Gold Miners ETF by 13.7% during the 3rd quarter. Harbour Investments Inc. now owns 195,941 shares of the exchange traded fund’s stock worth $5,273,000 after purchasing an additional 23,665 shares during the period. Finally, Sprott Inc. increased its holdings in shares of VanEck Gold Miners ETF by 18.7% during the 3rd quarter. Sprott Inc. now owns 10,221 shares of the exchange traded fund’s stock worth $275,000 after purchasing an additional 1,610 shares during the period.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $35.28 on Friday. The firm’s 50-day moving average is $34.64 and its 200-day moving average is $31.48. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $37.47. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.