Pettinga Financial Advisors LLC Has $611,000 Stock Position in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

Pettinga Financial Advisors LLC lowered its holdings in shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,235 shares of the exchange traded fund’s stock after selling 6,900 shares during the period. Pettinga Financial Advisors LLC’s holdings in VanEck Vectors Gold Miners ETF were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GDX. Private Advisor Group LLC raised its holdings in shares of VanEck Vectors Gold Miners ETF by 9.0% in the first quarter. Private Advisor Group LLC now owns 189,882 shares of the exchange traded fund’s stock valued at $4,256,000 after buying an additional 15,656 shares during the last quarter. Resources Investment Advisors Inc. increased its position in VanEck Vectors Gold Miners ETF by 10.3% in the first quarter. Resources Investment Advisors Inc. now owns 13,375 shares of the exchange traded fund’s stock worth $300,000 after purchasing an additional 1,250 shares during the period. Geneva Partners LLC acquired a new stake in VanEck Vectors Gold Miners ETF in the first quarter worth about $235,000. FundX Investment Group LLC acquired a new stake in VanEck Vectors Gold Miners ETF in the first quarter worth about $673,000. Finally, Parkside Investments LLC increased its position in VanEck Vectors Gold Miners ETF by 16.7% in the first quarter. Parkside Investments LLC now owns 35,000 shares of the exchange traded fund’s stock worth $784,000 after purchasing an additional 5,000 shares during the period.

GDX stock traded up $0.23 during midday trading on Friday, reaching $25.56. The stock had a trading volume of 39,454,984 shares, compared to its average volume of 43,106,656. The business’s fifty day moving average price is $22.32. VanEck Vectors Gold Miners ETF has a twelve month low of $17.28 and a twelve month high of $26.25.

About VanEck Vectors 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.

Further Reading: Forex

Institutional Ownership by Quarter for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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