Clearwater Capital Advisors LLC Cuts Stake in VanEck Gold Miners ETF $GDX

Clearwater Capital Advisors LLC lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,431 shares of the exchange traded fund’s stock after selling 23,143 shares during the period. VanEck Gold Miners ETF comprises approximately 2.4% of Clearwater Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Clearwater Capital Advisors LLC owned about 0.11% of VanEck Gold Miners ETF worth $28,341,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GDX. Constant Guidance Financial LLC bought a new stake in VanEck Gold Miners ETF during the third quarter valued at about $1,433,000. Advisory Alpha LLC bought a new stake in VanEck Gold Miners ETF during the third quarter valued at about $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in VanEck Gold Miners ETF during the third quarter valued at about $848,000. Vestmark Advisory Solutions Inc. bought a new stake in VanEck Gold Miners ETF during the third quarter valued at about $3,649,000. Finally, Oppenheimer & Co. Inc. boosted its position in VanEck Gold Miners ETF by 25.8% during the third quarter. Oppenheimer & Co. Inc. now owns 87,221 shares of the exchange traded fund’s stock valued at $6,664,000 after purchasing an additional 17,904 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $85.02 on Monday. VanEck Gold Miners ETF has a 1-year low of $49.34 and a 1-year high of $117.18. The stock’s 50-day moving average is $91.80 and its 200 day moving average is $91.99. The company has a market cap of $26.19 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.