Coordinated Financial Services Inc. Cuts Position in VanEck Gold Miners ETF $GDX

Coordinated Financial Services Inc. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,958 shares of the exchange traded fund’s stock after selling 7,125 shares during the quarter. Coordinated Financial Services Inc.’s holdings in VanEck Gold Miners ETF were worth $1,066,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GDX. Tradewinds LLC. bought a new stake in VanEck Gold Miners ETF during the third quarter valued at $1,568,000. Ethos Financial Group LLC acquired a new position in shares of VanEck Gold Miners ETF during the second quarter worth approximately $309,000. American National Bank & Trust bought a new position in shares of VanEck Gold Miners ETF in the second quarter valued at $68,000. Catalyst Funds Management Pty Ltd bought a new position in VanEck Gold Miners ETF in the 2nd quarter valued at about $10,277,000. Finally, Brookwood Investment Group LLC boosted its position in shares of VanEck Gold Miners ETF by 46.3% during the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock valued at $1,562,000 after buying an additional 6,472 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $107.02 on Friday. VanEck Gold Miners ETF has a 1 year low of $36.85 and a 1 year high of $107.62. The company has a fifty day moving average price of $87.25 and a 200-day moving average price of $73.32. The firm has a market cap of $32.02 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55.

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.