Cerity Partners LLC Sells 1,037,143 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Cerity Partners LLC decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 90.3% during the fourth quarter, HoldingsChannel reports. The firm owned 110,969 shares of the exchange traded fund’s stock after selling 1,037,143 shares during the quarter. Cerity Partners LLC’s holdings in VanEck Gold Miners ETF were worth $3,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. City Holding Co. raised its position in shares of VanEck Gold Miners ETF by 0.9% in the fourth quarter. City Holding Co. now owns 42,395 shares of the exchange traded fund’s stock valued at $1,314,000 after purchasing an additional 384 shares during the period. Concourse Financial Group Securities Inc. increased its position in VanEck Gold Miners ETF by 5.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 7,225 shares of the exchange traded fund’s stock worth $194,000 after acquiring an additional 385 shares during the period. Cornerstone Wealth Management LLC increased its position in VanEck Gold Miners ETF by 2.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,319 shares of the exchange traded fund’s stock worth $537,000 after acquiring an additional 391 shares during the period. Kercheville Advisors LLC increased its position in VanEck Gold Miners ETF by 0.3% during the fourth quarter. Kercheville Advisors LLC now owns 150,910 shares of the exchange traded fund’s stock worth $4,680,000 after acquiring an additional 404 shares during the period. Finally, Highlander Capital Management LLC increased its position in VanEck Gold Miners ETF by 3.3% during the fourth quarter. Highlander Capital Management LLC now owns 12,598 shares of the exchange traded fund’s stock worth $361,000 after acquiring an additional 405 shares during the period.

VanEck Gold Miners ETF Trading Up 1.6 %

Shares of GDX stock opened at $33.55 on Thursday. VanEck Gold Miners ETF has a 1 year low of $25.62 and a 1 year high of $36.26. The firm’s fifty day simple moving average is $29.69 and its 200 day simple moving average is $29.31. The firm has a market capitalization of $14.03 billion, a P/E ratio of 28.20 and a beta of 0.81.

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.