Fortis Advisors LLC Sells 4,104 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Fortis Advisors LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,812 shares of the exchange traded fund’s stock after selling 4,104 shares during the quarter. VanEck Gold Miners ETF accounts for 1.9% of Fortis Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Fortis Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,939,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GDX. Beacon Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Cedar Wealth Management LLC boosted its stake in shares of VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 339 shares in the last quarter. LRI Investments LLC bought a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at $31,000. Aptus Capital Advisors LLC raised its position in VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares during the period. Finally, Eagle Bay Advisors LLC lifted its stake in VanEck Gold Miners ETF by 95.8% in the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 4.3 %

NYSEARCA GDX opened at $37.04 on Tuesday. The company has a 50-day simple moving average of $39.88 and a two-hundred day simple moving average of $37.45. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.