Birch Capital Management LLC Cuts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Birch Capital Management LLC decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,533 shares of the exchange traded fund’s stock after selling 828 shares during the period. Birch Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $52,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GDX. Cedar Wealth Management LLC boosted its holdings in VanEck Gold Miners ETF by 63.4% in the second 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 during the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 329 shares during the last quarter. Studio Investment Management LLC grew its position in shares of VanEck Gold Miners ETF by 51.4% during the second quarter. Studio Investment Management LLC now owns 1,202 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 408 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of VanEck Gold Miners ETF in the second quarter worth $49,000. Finally, ORG Wealth Partners LLC acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at $49,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock traded up $0.54 during trading on Tuesday, reaching $35.12. The company had a trading volume of 9,409,647 shares, compared to its average volume of 15,045,604. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm’s fifty day moving average is $36.94 and its 200-day moving average is $37.80.

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.