VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Position Decreased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,625 shares of the exchange traded fund’s stock after selling 2,821 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $454,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GDX. Union Savings Bank acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $38,000. Register Financial Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 58.5% during the fourth quarter. Register Financial Advisors LLC now owns 1,697 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 626 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of VanEck Gold Miners ETF by 34.1% during the third quarter. VisionPoint Advisory Group LLC now owns 2,010 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 511 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $69,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $84,000.

VanEck Gold Miners ETF Trading Up 1.6 %

Shares of NYSEARCA:GDX opened at $33.05 on Wednesday. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $36.26. The business has a fifty day simple moving average of $30.20 and a 200 day simple moving average of $29.53. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81.

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.