Main Street Financial Solutions LLC Decreases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Main Street Financial Solutions LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,261 shares of the exchange traded fund’s stock after selling 7,724 shares during the quarter. Main Street Financial Solutions LLC’s holdings in VanEck Gold Miners ETF were worth $4,047,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Beacon Capital Management LLC boosted its position in VanEck Gold Miners ETF by 202.4% during the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Atwood & Palmer Inc. acquired a new position in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $27,000. LRI Investments LLC purchased a new stake in shares of VanEck Gold Miners ETF in the first quarter valued at approximately $28,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at approximately $32,000. Finally, Eagle Bay Advisors LLC lifted its position in VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.4 %

Shares of NYSEARCA:GDX opened at $37.38 on Thursday. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $39.97. The business has a fifty day moving average of $37.42 and a two-hundred day moving average of $34.49. The stock has a market cap of $14.94 billion, a P/E ratio of 28.03 and a beta of 0.85.

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.