Sheets Smith Wealth Management Cuts Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Sheets Smith Wealth Management lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 99.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32 shares of the exchange traded fund’s stock after selling 9,810 shares during the period. Sheets Smith Wealth Management’s holdings in VanEck Gold Miners ETF were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. Prospera Financial Services Inc raised its stake in shares of VanEck Gold Miners ETF by 54.3% during the 1st quarter. Prospera Financial Services Inc now owns 79,334 shares of the exchange traded fund’s stock worth $2,567,000 after purchasing an additional 27,922 shares during the period. SVB Wealth LLC raised its position in VanEck Gold Miners ETF by 3.3% in the first quarter. SVB Wealth LLC now owns 23,406 shares of the exchange traded fund’s stock worth $757,000 after acquiring an additional 757 shares during the period. Cresset Asset Management LLC boosted its stake in VanEck Gold Miners ETF by 12.7% in the first quarter. Cresset Asset Management LLC now owns 14,345 shares of the exchange traded fund’s stock valued at $464,000 after acquiring an additional 1,612 shares during the last quarter. Stifel Financial Corp grew its position in shares of VanEck Gold Miners ETF by 8.7% during the 1st quarter. Stifel Financial Corp now owns 1,054,548 shares of the exchange traded fund’s stock valued at $34,115,000 after acquiring an additional 84,618 shares during the period. Finally, GeoWealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth approximately $36,000.

VanEck Gold Miners ETF Trading Up 0.2 %

VanEck Gold Miners ETF stock opened at $28.34 on Monday. The business’s 50 day simple moving average is $29.76 and its 200 day simple moving average is $30.96. VanEck Gold Miners ETF has a 12 month low of $21.52 and a 12 month high of $36.26. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 15.72 and a beta of 0.77.

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.