Financially Speaking Inc Lowers Position in VanEck Gold Miners ETF $GDX

Financially Speaking Inc cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 73.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,170 shares of the exchange traded fund’s stock after selling 45,430 shares during the period. VanEck Gold Miners ETF comprises about 0.9% of Financially Speaking Inc’s investment portfolio, making the stock its 14th biggest position. Financially Speaking Inc’s holdings in VanEck Gold Miners ETF were worth $1,387,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Delta Asset Management LLC TN lifted its position in shares of VanEck Gold Miners ETF by 9.1% in the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 100 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in shares of VanEck Gold Miners ETF by 0.8% in the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after acquiring an additional 112 shares in the last quarter. KFA Private Wealth Group LLC lifted its position in shares of VanEck Gold Miners ETF by 2.7% in the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 117 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of VanEck Gold Miners ETF by 5.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock valued at $210,000 after acquiring an additional 117 shares in the last quarter. Finally, Vivaldi Capital Management LP lifted its position in shares of VanEck Gold Miners ETF by 1.4% in the fourth quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock valued at $770,000 after acquiring an additional 125 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 3.0%

Shares of VanEck Gold Miners ETF stock opened at $80.03 on Friday. The stock’s 50-day simple moving average is $90.23 and its 200-day simple moving average is $92.79. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60.

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.