Clearwater Capital Advisors LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 14.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,825 shares of the exchange traded fund’s stock after selling 48,606 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 2.1% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Clearwater Capital Advisors LLC owned 0.09% of VanEck Gold Miners ETF worth $25,863,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in GDX. Avalon Trust Co bought a new stake in VanEck Gold Miners ETF during the 1st quarter worth about $26,000. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Bayban bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $27,000. Princeton Global Asset Management LLC bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $27,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $33,000.
VanEck Gold Miners ETF Stock Performance
NYSEARCA:GDX opened at $76.68 on Thursday. VanEck Gold Miners ETF has a 52-week low of $51.37 and a 52-week high of $117.18. The company has a market cap of $23.42 billion, a P/E ratio of 21.70 and a beta of 0.65. The stock’s 50-day simple moving average is $80.30 and its 200 day simple moving average is $91.38.
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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