Sheets Smith Wealth Management Has $896,000 Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Sheets Smith Wealth Management lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,489 shares of the exchange traded fund’s stock after selling 720 shares during the quarter. Sheets Smith Wealth Management’s holdings in VanEck Gold Miners ETF were worth $896,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rafferty Asset Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 33.7% during the fourth quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock worth $314,757,000 after purchasing an additional 2,342,211 shares during the period. Proficio Capital Partners LLC lifted its position in VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after buying an additional 1,967,832 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in VanEck Gold Miners ETF in the 4th quarter worth approximately $64,425,000. Two Sigma Investments LP boosted its stake in shares of VanEck Gold Miners ETF by 68.7% during the 4th quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock valued at $130,594,000 after buying an additional 1,567,800 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of VanEck Gold Miners ETF by 298.3% during the 4th quarter. Schroder Investment Management Group now owns 1,793,072 shares of the exchange traded fund’s stock valued at $60,552,000 after acquiring an additional 1,342,885 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 1.6%

Shares of NYSEARCA:GDX opened at $53.11 on Tuesday. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 21.14 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $33.28 and a 1 year high of $54.70. The business has a fifty day simple moving average of $50.36 and a 200 day simple moving average of $43.62.

VanEck Gold Miners ETF 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.