VanEck Gold Miners ETF $GDX Shares Sold by Avalon Capital Management

Avalon Capital Management lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 356,305 shares of the exchange traded fund’s stock after selling 66,633 shares during the period. VanEck Gold Miners ETF comprises about 7.3% of Avalon Capital Management’s portfolio, making the stock its 2nd largest holding. Avalon Capital Management owned 0.12% of VanEck Gold Miners ETF worth $30,560,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Crescent Grove Advisors LLC lifted its position in shares of VanEck Gold Miners ETF by 59.9% during the 4th quarter. Crescent Grove Advisors LLC now owns 49,623 shares of the exchange traded fund’s stock valued at $4,256,000 after acquiring an additional 18,586 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of VanEck Gold Miners ETF by 4.8% during the 4th quarter. Cibc World Market Inc. now owns 340,259 shares of the exchange traded fund’s stock valued at $29,184,000 after acquiring an additional 15,714 shares during the last quarter. Mccarter Private Wealth Services LLC lifted its position in shares of VanEck Gold Miners ETF by 49.1% during the 4th quarter. Mccarter Private Wealth Services LLC now owns 17,803 shares of the exchange traded fund’s stock valued at $1,527,000 after acquiring an additional 5,866 shares during the last quarter. Spectrum Planning & Advisory Services Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $489,000. Finally, Tandem Financial LLC lifted its position in shares of VanEck Gold Miners ETF by 18.2% during the 4th quarter. Tandem Financial LLC now owns 223,196 shares of the exchange traded fund’s stock valued at $19,144,000 after acquiring an additional 34,434 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $85.00 on Thursday. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18. The stock has a fifty day moving average of $91.40 and a 200-day moving average of $92.72. The company has a market capitalization of $26.19 billion, a PE 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.