Ranch Capital Advisors Inc. Has $279,000 Position in VanEck Gold Miners ETF $GDX

Ranch Capital Advisors Inc. cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,365 shares of the exchange traded fund’s stock after selling 250 shares during the period. Ranch Capital Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $279,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GDX. Hurley Capital LLC bought a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $26,000. Hoey Investments Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 71.0% during the 2nd quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 213 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $34,000. NorthRock Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 69.1% during the 1st quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 380 shares in the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $44,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $72.80 on Friday. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $85.08. The stock’s 50 day moving average price is $70.58 and its two-hundred day moving average price is $58.06.

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.