Welch & Forbes LLC cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,249 shares of the exchange traded fund’s stock after selling 27,026 shares during the quarter. Welch & Forbes LLC owned approximately 0.06% of VanEck Gold Miners ETF worth $17,184,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of GDX. Redhawk Wealth Advisors Inc. grew its stake in shares of VanEck Gold Miners ETF by 1,433.6% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock worth $8,063,000 after acquiring an additional 87,880 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $848,000. Mainstay Capital Management LLC ADV purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $1,421,000. Sanders Morris Harris LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth about $867,000. Finally, Rit Capital Partners PLC grew its position in VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares during the last quarter.
VanEck Gold Miners ETF Trading Down 0.3%
NYSEARCA:GDX traded down $0.25 on Friday, reaching $75.53. 8,130,717 shares of the stock traded hands, compared to its average volume of 25,875,484. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $50.44 and a 12 month high of $117.18. The company’s fifty day simple moving average is $83.45 and its 200 day simple moving average is $92.20.
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.
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