LPL Financial LLC Sells 447,537 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

LPL Financial LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,513,466 shares of the exchange traded fund’s stock after selling 447,537 shares during the period. LPL Financial LLC owned approximately 0.88% of VanEck Gold Miners ETF worth $119,142,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of VanEck Gold Miners ETF by 1,116.3% during the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after buying an additional 1,967,832 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at approximately $76,065,000. Raymond James Financial Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $64,425,000. Strategic Financial Concepts LLC boosted its holdings in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after purchasing an additional 1,771,440 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of VanEck Gold Miners ETF during the 3rd quarter valued at approximately $35,838,000.

VanEck Gold Miners ETF Stock Down 0.6 %

Shares of GDX opened at $44.25 on Tuesday. The business has a fifty day moving average of $40.60 and a 200 day moving average of $39.04. The company has a market cap of $14.67 billion, a PE ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 52-week low of $29.82 and a 52-week high of $45.65.

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.