Secure Asset Management LLC Lowers Position in VanEck Gold Miners ETF $GDX

Secure Asset Management LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 28.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,885 shares of the exchange traded fund’s stock after selling 6,222 shares during the period. Secure Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GDX. Ethos Financial Group LLC purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $309,000. American National Bank & Trust bought a new position in shares of VanEck Gold Miners ETF in the second quarter worth approximately $68,000. Catalyst Funds Management Pty Ltd bought a new position in shares of VanEck Gold Miners ETF in the second quarter worth approximately $10,277,000. Johnson Investment Counsel Inc. grew its holdings in shares of VanEck Gold Miners ETF by 32.2% during the second quarter. Johnson Investment Counsel Inc. now owns 158,387 shares of the exchange traded fund’s stock valued at $8,246,000 after buying an additional 38,615 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new position in VanEck Gold Miners ETF in the 1st quarter worth approximately $254,000.

VanEck Gold Miners ETF Trading Up 2.5%

GDX stock opened at $87.79 on Friday. The stock’s 50 day simple moving average is $77.99 and its 200 day simple moving average is $66.25. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $88.69. The stock has a market capitalization of $26.36 billion, a PE ratio of 21.70 and a beta of 0.55.

About VanEck 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.