Cambridge Investment Research Advisors Inc. cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 15.4% in the fourth quarter, Holdings Channel reports. The fund owned 535,059 shares of the exchange traded fund’s stock after selling 97,570 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $45,892,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Morton Brown Family Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth $36,000. Family Management Corp acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $38,000. Activest Wealth Management acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth $50,000. Laurel Wealth Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth $56,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 560.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 560 shares during the last quarter.
VanEck Gold Miners ETF Price Performance
Shares of GDX opened at $87.35 on Monday. VanEck Gold Miners ETF has a 52-week low of $45.24 and a 52-week high of $117.18. The company has a market capitalization of $26.91 billion, a PE ratio of 21.70 and a beta of 0.61. The stock has a fifty day simple moving average of $93.44 and a two-hundred day simple moving average of $91.49.
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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