Foundations Investment Advisors LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 45.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 141,421 shares of the exchange traded fund’s stock after selling 117,799 shares during the period. Foundations Investment Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $12,130,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Eukles Asset Management bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $27,000. Morton Brown Family Wealth LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $36,000. Hantz Financial Services Inc. boosted its stake in VanEck Gold Miners ETF by 298.2% during the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 337 shares in the last quarter. Family Management Corp bought a new stake in VanEck Gold Miners ETF during the third quarter worth about $38,000. Finally, Activest Wealth Management bought a new stake in VanEck Gold Miners ETF during the third quarter worth about $50,000.
VanEck Gold Miners ETF Price Performance
NYSEARCA:GDX opened at $87.18 on Friday. VanEck Gold Miners ETF has a one year low of $49.72 and a one year high of $117.18. The company’s 50-day simple moving average is $91.11 and its 200 day simple moving average is $92.44. The firm has a market capitalization of $26.86 billion, a P/E ratio of 21.70 and a beta of 0.61.
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.
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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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