Sterling Investment Advisors Ltd. trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,338 shares of the exchange traded fund’s stock after selling 13,550 shares during the quarter. VanEck Gold Miners ETF comprises 2.1% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 9th largest position. Sterling Investment Advisors Ltd.’s holdings in VanEck Gold Miners ETF were worth $12,512,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of GDX. Eukles Asset Management purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $27,000. Bayban purchased a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC purchased a new position in VanEck Gold Miners ETF during the 1st quarter worth approximately $27,000. Evolution Wealth Management Inc. acquired a new stake in VanEck Gold Miners ETF during the 1st quarter valued at approximately $33,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in VanEck Gold Miners ETF during the 4th quarter valued at approximately $36,000.
VanEck Gold Miners ETF Price Performance
GDX stock opened at $74.88 on Wednesday. The company has a market capitalization of $22.86 billion, a P/E ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $50.44 and a 12 month high of $117.18. The firm’s fifty day simple moving average is $82.93 and its 200-day simple moving average is $91.99.
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.
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