VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Position Decreased by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,873 shares of the exchange traded fund’s stock after selling 19,737 shares during the quarter. Level Four Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $3,895,000 at the end of the most recent quarter.

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

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $45.57 on Friday. The firm’s 50 day moving average price is $41.29 and its two-hundred day moving average price is $39.25. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a twelve month low of $31.71 and a twelve month high of $46.94.

About VanEck Gold Miners ETF

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.