VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Bought by Regal Investment Advisors LLC

Regal Investment Advisors LLC increased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 26,818 shares of the exchange traded fund’s stock after purchasing an additional 1,945 shares during the quarter. Regal Investment Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $910,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Morton Capital Management LLC CA raised its stake in shares of VanEck Gold Miners ETF by 0.3% during the second quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock valued at $3,007,000 after purchasing an additional 287 shares during the period. Mather Group LLC. increased its stake in VanEck Gold Miners ETF by 21.3% during the 2nd quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 288 shares during the period. Cedar Wealth Management LLC lifted its holdings in VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 339 shares in the last quarter. IAM Advisory LLC boosted its position in VanEck Gold Miners ETF by 0.7% in the 2nd quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock valued at $1,655,000 after buying an additional 341 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 3.7% during the second quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 366 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $40.47 on Wednesday. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $41.95. The business’s 50-day simple moving average is $38.23 and its 200 day simple moving average is $35.69.

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.