Echo45 Advisors LLC Has $2.03 Million Stock Holdings in VanEck Gold Miners ETF $GDX

Echo45 Advisors LLC cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 41.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,643 shares of the exchange traded fund’s stock after selling 16,591 shares during the quarter. VanEck Gold Miners ETF accounts for 1.2% of Echo45 Advisors LLC’s portfolio, making the stock its 28th biggest holding. Echo45 Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,028,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Morling Financial Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $202,000. Global Retirement Partners LLC grew its stake in shares of VanEck Gold Miners ETF by 73.3% in the 4th quarter. Global Retirement Partners LLC now owns 23,483 shares of the exchange traded fund’s stock valued at $2,014,000 after buying an additional 9,931 shares during the period. Fortis Group Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 3.7% in the 4th quarter. Fortis Group Advisors LLC now owns 44,678 shares of the exchange traded fund’s stock valued at $4,209,000 after buying an additional 1,611 shares during the period. IFP Advisors Inc grew its stake in shares of VanEck Gold Miners ETF by 107.0% in the 4th quarter. IFP Advisors Inc now owns 64,186 shares of the exchange traded fund’s stock valued at $5,505,000 after buying an additional 33,178 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of VanEck Gold Miners ETF by 2.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,458 shares of the exchange traded fund’s stock valued at $3,470,000 after buying an additional 986 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $85.99 on Friday. The stock has a 50-day moving average of $92.13 and a 200-day moving average of $91.89. The company has a market cap of $26.49 billion, a PE ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a one year low of $48.70 and a one year high of $117.18.

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.