VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,469 shares of the exchange traded fund’s stock after selling 24,292 shares during the period. IFP Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its stake in VanEck Gold Miners ETF by 5.5% in the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock valued at $299,000 after buying an additional 462 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in VanEck Gold Miners ETF by 12.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after purchasing an additional 1,301 shares during the last quarter. Tandem Financial LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $7,621,000. Van ECK Associates Corp boosted its position in VanEck Gold Miners ETF by 22.6% during the fourth quarter. Van ECK Associates Corp now owns 39,147 shares of the exchange traded fund’s stock worth $1,327,000 after acquiring an additional 7,212 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in VanEck Gold Miners ETF by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,000 shares of the exchange traded fund’s stock valued at $1,385,000 after acquiring an additional 8,500 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 1.2 %

GDX stock opened at $40.86 on Thursday. The stock’s fifty day simple moving average is $37.84 and its 200-day simple moving average is $38.53. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 22.76 and a beta of 0.96.

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.