Continuum Advisory LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 16.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,127 shares of the exchange traded fund’s stock after selling 10,723 shares during the quarter. Continuum Advisory LLC’s holdings in VanEck Gold Miners ETF were worth $4,642,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in GDX. Constant Guidance Financial LLC purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $1,433,000. Advisory Alpha LLC purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $848,000. Vestmark Advisory Solutions Inc. purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter worth approximately $3,649,000. Finally, Oppenheimer & Co. Inc. lifted its position in VanEck Gold Miners ETF by 25.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 87,221 shares of the exchange traded fund’s stock worth $6,664,000 after buying an additional 17,904 shares in the last quarter.
VanEck Gold Miners ETF Stock Up 1.6%
GDX stock opened at $86.40 on Friday. VanEck Gold Miners ETF has a 12-month low of $50.32 and a 12-month high of $117.18. The company has a market cap of $26.62 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. The company has a 50 day moving average of $91.46 and a two-hundred day moving average of $92.79.
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.
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