VanEck Gold Miners ETF $GDX Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 85.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 751,568 shares of the exchange traded fund’s stock after selling 4,264,731 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VanEck Gold Miners ETF were worth $65,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GDX. MCF Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 2.8% during the second quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 100 shares during the period. Midwest Trust Co lifted its holdings in shares of VanEck Gold Miners ETF by 2.8% during the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock valued at $383,000 after purchasing an additional 115 shares during the last quarter. Conservest Capital Advisors Inc. boosted its position in shares of VanEck Gold Miners ETF by 4.1% in the 1st quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 123 shares during the period. CWA Asset Management Group LLC boosted its position in shares of VanEck Gold Miners ETF by 1.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 7,027 shares of the exchange traded fund’s stock valued at $617,000 after purchasing an additional 133 shares during the period. Finally, Miller Financial Services LLC boosted its position in shares of VanEck Gold Miners ETF by 1.8% in the 3rd quarter. Miller Financial Services LLC now owns 8,352 shares of the exchange traded fund’s stock valued at $733,000 after purchasing an additional 145 shares during the period.

VanEck Gold Miners ETF Trading Up 2.2%

Shares of GDX opened at $87.60 on Friday. The business’s 50-day moving average price is $89.57 and its 200 day moving average price is $90.34. The stock has a market capitalization of $27.01 billion, a P/E ratio of 21.70 and a beta of 0.70. VanEck Gold Miners ETF has a 1-year low of $69.74 and a 1-year high of $117.18.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.