Pekin Hardy Strauss Inc. Decreases Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Pekin Hardy Strauss Inc. cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,440 shares of the exchange traded fund’s stock after selling 11,221 shares during the quarter. VanEck Gold Miners ETF accounts for 1.0% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 19th largest position. Pekin Hardy Strauss Inc. owned 0.06% of VanEck Gold Miners ETF worth $7,882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GDX. Roxbury Financial LLC bought a new position in VanEck Gold Miners ETF during the 4th quarter valued at $25,000. Eastern Bank bought a new position in VanEck Gold Miners ETF during the 4th quarter valued at $25,000. Financial Connections Group Inc. bought a new position in VanEck Gold Miners ETF during the 4th quarter valued at $25,000. Aptus Capital Advisors LLC boosted its stake in VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 329 shares during the last quarter. Finally, St. Johns Investment Management Company LLC bought a new position in VanEck Gold Miners ETF during the 3rd quarter valued at $49,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $40.80 on Friday. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The company’s fifty day moving average price is $37.54 and its two-hundred day moving average price is $38.41.

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.