Coordinated Financial Services Inc. Trims Stake in VanEck Gold Miners ETF $GDX

Coordinated Financial Services Inc. trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,958 shares of the exchange traded fund’s stock after selling 7,125 shares during the quarter. Coordinated Financial Services Inc.’s holdings in VanEck Gold Miners ETF were worth $1,066,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of VanEck Gold Miners ETF by 766.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP acquired a new stake in VanEck Gold Miners ETF during the 2nd quarter valued at approximately $123,070,000. Rafferty Asset Management LLC boosted its holdings in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of VanEck Gold Miners ETF by 3,846.2% in the third quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after buying an additional 700,000 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of VanEck Gold Miners ETF by 99.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock valued at $67,990,000 after purchasing an additional 650,000 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $107.02 on Friday. The stock has a 50 day simple moving average of $87.25 and a 200-day simple moving average of $73.32. The company has a market cap of $32.02 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1-year low of $36.85 and a 1-year high of $107.62.

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.