GFS Advisors LLC Decreases Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

GFS Advisors LLC lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,795 shares of the exchange traded fund’s stock after selling 2,632 shares during the period. GFS Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GDX. JPMorgan Chase & Co. grew its position in shares of VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $76,065,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after purchasing an additional 760,722 shares in the last quarter. Stifel Financial Corp increased its position in shares of VanEck Gold Miners ETF by 6.9% during the third quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock worth $51,783,000 after purchasing an additional 84,471 shares in the last quarter. Finally, Carrhae Capital LLP purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $43,073,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $38.96 on Friday. The stock’s fifty day moving average price is $36.42 and its 200 day moving average price is $37.97. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-year high of $44.22. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.