Fortis Capital Advisors LLC Grows Stock Position in VanEck Gold Miners ETF $GDX

Fortis Capital Advisors LLC lifted its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.6% in the second quarter, HoldingsChannel reports. The firm owned 39,829 shares of the exchange traded fund’s stock after acquiring an additional 645 shares during the quarter. Fortis Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Synergy Asset Management LLC boosted its holdings in VanEck Gold Miners ETF by 23.3% in the second quarter. Synergy Asset Management LLC now owns 10,459 shares of the exchange traded fund’s stock valued at $544,000 after purchasing an additional 1,975 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in VanEck Gold Miners ETF during the 2nd quarter worth about $344,000. J. Safra Sarasin Holding AG lifted its holdings in VanEck Gold Miners ETF by 4.5% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 26,348 shares of the exchange traded fund’s stock worth $1,372,000 after buying an additional 1,133 shares during the last quarter. Parsons Capital Management Inc. RI lifted its holdings in VanEck Gold Miners ETF by 0.4% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 83,432 shares of the exchange traded fund’s stock worth $4,343,000 after buying an additional 300 shares during the last quarter. Finally, Hudson Value Partners LLC lifted its holdings in VanEck Gold Miners ETF by 24.9% during the 2nd quarter. Hudson Value Partners LLC now owns 13,001 shares of the exchange traded fund’s stock worth $677,000 after buying an additional 2,595 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $77.08 on Friday. The company has a market capitalization of $22.44 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. The business has a 50-day moving average of $64.09 and a two-hundred day moving average of $54.66. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $78.32.

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.