Continuum Advisory LLC decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,127 shares of the exchange traded fund’s stock after selling 10,723 shares during the quarter. Continuum Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $4,642,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of GDX. Eukles Asset Management bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $27,000. Morton Brown Family Wealth LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $36,000. Family Management Corp bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $38,000. Hantz Financial Services Inc. raised its holdings in shares of VanEck Gold Miners ETF by 298.2% during the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 337 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at $56,000.
VanEck Gold Miners ETF Trading Up 1.6%
VanEck Gold Miners ETF stock opened at $86.40 on Friday. The company has a market capitalization of $26.62 billion, a P/E ratio of 21.70 and a beta of 0.60. The firm’s fifty day simple moving average is $91.46 and its 200-day simple moving average is $92.79. VanEck Gold Miners ETF has a 1-year low of $50.32 and a 1-year high of $117.18.
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.
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