Fortis Advisors LLC Reduces Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Fortis Advisors LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.3% during the third quarter, Holdings Channel.com reports. The fund owned 73,812 shares of the exchange traded fund’s stock after selling 4,104 shares during the period. VanEck Gold Miners ETF accounts for 1.9% of Fortis Advisors LLC’s holdings, making the stock its 15th largest holding. Fortis Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,939,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 202.4% during the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 500 shares during the period. LRI Investments LLC purchased a new stake in VanEck Gold Miners ETF in the 1st quarter worth approximately $28,000. Cedar Wealth Management LLC grew its position in shares of VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 339 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of 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 valued at $38,000 after buying an additional 329 shares during the period. Finally, Eagle Bay Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 4.3 %

Shares of GDX stock opened at $37.04 on Tuesday. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The stock has a fifty day moving average of $39.88 and a 200 day moving average of $37.45. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22.

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.