Capital Investment Advisors LLC Has $620,000 Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Capital Investment Advisors LLC increased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,295 shares of the exchange traded fund’s stock after acquiring an additional 1,483 shares during the quarter. Capital Investment Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cedar Wealth Management LLC increased its position in VanEck Gold Miners ETF by 63.4% during the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Aptus Capital Advisors LLC increased its position in VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares during the period. ORG Wealth Partners LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $49,000. St. Johns Investment Management Company LLC bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $49,000. Finally, Studio Investment Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 52.3% during the 3rd quarter. Studio Investment Management LLC now owns 1,831 shares of the exchange traded fund’s stock worth $73,000 after buying an additional 629 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $36.72 on Thursday. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The stock’s 50 day moving average price is $36.36 and its two-hundred day moving average price is $37.87.

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.