Crewe Advisors LLC Lowers Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Crewe Advisors LLC cut its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,506 shares of the exchange traded fund’s stock after selling 1,076 shares during the quarter. Crewe Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $119,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in VanEck Gold Miners ETF during the fourth quarter worth $25,000. Aptus Capital Advisors LLC raised its position in VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 329 shares during the period. St. Johns Investment Management Company LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth $49,000. ORG Wealth Partners LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth $49,000. Finally, Laurel Wealth Advisors LLC raised its position in VanEck Gold Miners ETF by 2,586.2% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,500 shares during the period.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $41.04 on Thursday. The company has a fifty day moving average of $36.59 and a two-hundred day moving average of $38.01. The stock has a market capitalization of $16.41 billion, a PE 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.

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.