Stratos Wealth Partners LTD. Has $6.32 Million Stock Position in VanEck Gold Miners ETF $GDX

Stratos Wealth Partners LTD. increased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 60.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,670 shares of the exchange traded fund’s stock after acquiring an additional 31,032 shares during the period. Stratos Wealth Partners LTD.’s holdings in VanEck Gold Miners ETF were worth $6,316,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GDX. Tradewinds LLC. bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $1,568,000. Ethos Financial Group LLC acquired a new stake in VanEck Gold Miners ETF in the 2nd quarter valued at about $309,000. Trek Financial LLC grew its holdings in VanEck Gold Miners ETF by 43.4% during the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock worth $2,647,000 after purchasing an additional 10,488 shares during the period. Brookwood Investment Group LLC grew its holdings in VanEck Gold Miners ETF by 46.3% during the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock worth $1,562,000 after purchasing an additional 6,472 shares during the period. Finally, Catalyst Funds Management Pty Ltd acquired a new position in VanEck Gold Miners ETF during the second quarter worth approximately $10,277,000.

VanEck Gold Miners ETF Stock Down 7.3%

NYSEARCA:GDX opened at $98.28 on Friday. VanEck Gold Miners ETF has a 12-month low of $38.58 and a 12-month high of $113.50. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. The stock’s 50 day moving average price is $93.65 and its two-hundred day moving average price is $78.10.

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.