Fortis Group Advisors LLC Has $3.10 Million Holdings in VanEck Gold Miners ETF $GDX

Fortis Group Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 182.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,067 shares of the exchange traded fund’s stock after purchasing an additional 27,815 shares during the quarter. Fortis Group Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC boosted its stake in shares of VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after buying an additional 1,503,884 shares during the last quarter. JPMorgan Chase & Co. boosted its position in VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP bought a new position in VanEck Gold Miners ETF in the second quarter valued at approximately $123,070,000. Pureheart Capital Pte Ltd. increased its holdings in VanEck Gold Miners ETF by 1.4% during the second quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock worth $69,708,000 after buying an additional 19,000 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in VanEck Gold Miners ETF by 99.1% during the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after acquiring an additional 650,000 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $100.25 on Wednesday. The company has a fifty day moving average price of $94.97 and a two-hundred day moving average price of $79.53. VanEck Gold Miners ETF has a one year low of $38.58 and a one year high of $113.50. The stock has a market cap of $30.59 billion, a P/E ratio of 21.70 and a beta of 0.55.

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.