VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 184,502 shares of the exchange traded fund’s stock after selling 25,637 shares during the period. Private Advisor Group LLC’s holdings in VanEck Gold Miners ETF were worth $5,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of VanEck Gold Miners ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after purchasing an additional 1,920,723 shares during the period. Desjardins Global Asset Management Inc. boosted its stake in VanEck Gold Miners ETF by 705.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock worth $63,204,000 after buying an additional 1,785,137 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at about $33,675,000. Toronto Dominion Bank lifted its holdings in shares of VanEck Gold Miners ETF by 31.5% during the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock worth $83,028,000 after acquiring an additional 738,786 shares during the period. Finally, Cadence Wealth Management LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $20,347,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $34.16 on Thursday. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $35.74. The company has a 50 day moving average price of $31.84 and a 200 day moving average price of $29.92.

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.