VanEck Gold Miners ETF (NYSEARCA:GDX) is CMC Financial Group’s 4th Largest Position

CMC Financial Group trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 47.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,427 shares of the exchange traded fund’s stock after selling 69,836 shares during the quarter. VanEck Gold Miners ETF accounts for 5.7% of CMC Financial Group’s portfolio, making the stock its 4th largest position. CMC Financial Group’s holdings in VanEck Gold Miners ETF were worth $2,659,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Pathstone Holdings LLC raised its position in VanEck Gold Miners ETF by 2.2% during the third quarter. Pathstone Holdings LLC now owns 40,563 shares of the exchange traded fund’s stock valued at $1,615,000 after acquiring an additional 889 shares in the last quarter. PNC Financial Services Group Inc. raised its position in VanEck Gold Miners ETF by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 41,848 shares of the exchange traded fund’s stock valued at $1,666,000 after acquiring an additional 1,235 shares in the last quarter. King Luther Capital Management Corp bought a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $398,000. Great Valley Advisor Group Inc. bought a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $225,000. Finally, Cerity Partners LLC raised its position in VanEck Gold Miners ETF by 51.4% during the third quarter. Cerity Partners LLC now owns 67,626 shares of the exchange traded fund’s stock valued at $2,693,000 after acquiring an additional 22,973 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $44.50 on Monday. The firm has a market cap of $14.75 billion, a PE ratio of 20.34 and a beta of 0.95. The firm’s 50 day moving average price is $40.42 and its 200 day moving average price is $39.00. VanEck Gold Miners ETF has a twelve month low of $29.82 and a twelve month high of $45.65.

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.