Foundations Investment Advisors LLC Decreases Position in VanEck Gold Miners ETF $GDX

Foundations Investment Advisors LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 45.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,421 shares of the exchange traded fund’s stock after selling 117,799 shares during the quarter. Foundations Investment Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $12,130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Delta Asset Management LLC TN raised its position in VanEck Gold Miners ETF by 9.1% in the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 100 shares during the period. Clear Creek Financial Management LLC raised its position in VanEck Gold Miners ETF by 0.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after purchasing an additional 112 shares during the period. KFA Private Wealth Group LLC raised its position in VanEck Gold Miners ETF by 2.7% in the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 117 shares during the period. Wakefield Asset Management LLLP raised its position in VanEck Gold Miners ETF by 0.4% in the 4th quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock worth $2,974,000 after purchasing an additional 129 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC raised its position in VanEck Gold Miners ETF by 11.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 130 shares during the period.

VanEck Gold Miners ETF Stock Up 2.0%

Shares of NYSEARCA:GDX opened at $87.18 on Friday. The stock has a market cap of $26.86 billion, a PE ratio of 21.70 and a beta of 0.61. The company’s fifty day moving average is $91.11 and its 200 day moving average is $92.44. VanEck Gold Miners ETF has a 52 week low of $49.72 and a 52 week high of $117.18.

VanEck Gold Miners ETF Company 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.