L & S Advisors Inc Invests $14.64 Million in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

L & S Advisors Inc bought a new position in shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) during the second quarter, Holdings Channel reports. The fund bought 572,815 shares of the exchange traded fund’s stock, valued at approximately $14,641,000. VanEck Vectors Gold Miners ETF accounts for 1.9% of L & S Advisors Inc’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR raised its position in VanEck Vectors Gold Miners ETF by 3.9% during the first quarter. Stephens Inc. AR now owns 79,109 shares of the exchange traded fund’s stock valued at $1,774,000 after buying an additional 3,004 shares during the period. Moors & Cabot Inc. grew its stake in VanEck Vectors Gold Miners ETF by 7.4% in the first quarter. Moors & Cabot Inc. now owns 16,303 shares of the exchange traded fund’s stock valued at $367,000 after purchasing an additional 1,130 shares in the last quarter. Farmers National Bank purchased a new position in VanEck Vectors Gold Miners ETF in the first quarter valued at about $63,000. Associated Banc Corp grew its stake in VanEck Vectors Gold Miners ETF by 126.3% in the first quarter. Associated Banc Corp now owns 150,945 shares of the exchange traded fund’s stock valued at $3,384,000 after purchasing an additional 84,257 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV grew its stake in VanEck Vectors Gold Miners ETF by 2.8% in the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 22,949 shares of the exchange traded fund’s stock valued at $515,000 after purchasing an additional 634 shares in the last quarter.

Shares of NYSEARCA GDX opened at $27.43 on Friday. The business’s 50-day moving average price is $28.78 and its two-hundred day moving average price is $24.29. VanEck Vectors Gold Miners ETF has a one year low of $17.92 and a one year high of $30.96.

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.

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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX).

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

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