Financially Speaking Inc Sells 45,430 Shares of VanEck Gold Miners ETF $GDX

Financially Speaking Inc reduced its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 73.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,170 shares of the exchange traded fund’s stock after selling 45,430 shares during the quarter. VanEck Gold Miners ETF comprises about 0.9% of Financially Speaking Inc’s investment portfolio, making the stock its 14th biggest position. Financially Speaking Inc’s holdings in VanEck Gold Miners ETF were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 231.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 27,093 shares of the exchange traded fund’s stock valued at $2,324,000 after buying an additional 18,922 shares during the last quarter. Jacobi Capital Management LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $203,000. CreativeOne Wealth LLC grew its stake in shares of VanEck Gold Miners ETF by 106.1% during the fourth quarter. CreativeOne Wealth LLC now owns 30,113 shares of the exchange traded fund’s stock valued at $2,583,000 after buying an additional 15,500 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of VanEck Gold Miners ETF by 149.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 31,377 shares of the exchange traded fund’s stock valued at $2,691,000 after buying an additional 18,797 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in shares of VanEck Gold Miners ETF by 6.6% during the fourth quarter. Johnson Investment Counsel Inc. now owns 195,610 shares of the exchange traded fund’s stock valued at $16,777,000 after buying an additional 12,040 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $80.03 on Friday. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The stock has a 50 day moving average price of $90.23 and a 200 day moving average price of $92.79. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18.

VanEck Gold Miners ETF Company 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.