Geneos Wealth Management Inc. Reduces Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Geneos Wealth Management Inc. reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,079 shares of the exchange traded fund’s stock after selling 3,455 shares during the period. Geneos Wealth Management Inc.’s holdings in VanEck Gold Miners ETF were worth $3,055,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GDX. Logan Stone Capital LLC bought a new position in VanEck Gold Miners ETF in the second quarter worth about $343,000. Rockport Wealth LLC lifted its holdings in shares of VanEck Gold Miners ETF by 13.8% in the second quarter. Rockport Wealth LLC now owns 39,808 shares of the exchange traded fund’s stock valued at $1,351,000 after buying an additional 4,820 shares during the period. Magnolia Capital Advisors LLC bought a new position in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $3,718,000. Creative Planning grew its position in VanEck Gold Miners ETF by 2.8% in the second quarter. Creative Planning now owns 87,511 shares of the exchange traded fund’s stock worth $2,969,000 after buying an additional 2,379 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 120.3% during the second quarter. NewEdge Advisors LLC now owns 368,727 shares of the exchange traded fund’s stock worth $12,511,000 after purchasing an additional 201,375 shares during the period.

VanEck Gold Miners ETF Trading Up 1.2 %

GDX stock opened at $37.95 on Friday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The firm has a market capitalization of $15.17 billion, a PE ratio of 28.03 and a beta of 0.85. The firm has a 50-day moving average of $36.37 and a two-hundred day moving average of $37.96.

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.