HighTower Advisors LLC Trims Holdings in VanEck Gold Miners ETF $GDX

HighTower Advisors LLC cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 513,399 shares of the exchange traded fund’s stock after selling 82,834 shares during the quarter. HighTower Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $44,034,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GDX. Morton Brown Family Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $36,000. Family Management Corp purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $38,000. Activest Wealth Management purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $50,000. Laurel Wealth Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $56,000. Finally, HHM Wealth Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 560.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 560 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $85.99 on Friday. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 52-week low of $48.70 and a 52-week high of $117.18. The stock has a fifty day moving average of $92.13 and a 200 day moving average of $91.89.

VanEck Gold Miners ETF Company 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.