VanEck Gold Miners ETF (NYSEARCA:GDX) Stake Lowered by Sandy Spring Bank

Sandy Spring Bank cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,136 shares of the exchange traded fund’s stock after selling 360 shares during the quarter. Sandy Spring Bank’s holdings in VanEck Gold Miners ETF were worth $39,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in shares of VanEck Gold Miners ETF by 1,116.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after buying an additional 1,967,832 shares during the period. Quadrature Capital Ltd acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth approximately $76,065,000. Raymond James Financial Inc. acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth approximately $64,425,000. Strategic Financial Concepts LLC boosted its position in shares of VanEck Gold Miners ETF by 3,704.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after buying an additional 1,771,440 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth approximately $35,838,000.

VanEck Gold Miners ETF Trading Down 1.5 %

Shares of NYSEARCA GDX opened at $44.50 on Friday. The company has a market cap of $14.75 billion, a PE ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 12-month low of $29.82 and a 12-month high of $45.65. The stock has a 50 day simple moving average of $40.42 and a 200-day simple moving average of $38.98.

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.