C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 28,581 Shares of VanEck Gold Miners ETF $GDX

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 85.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,784 shares of the exchange traded fund’s stock after selling 28,581 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in VanEck Gold Miners ETF were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Slate Path Capital LP acquired a new stake in VanEck Gold Miners ETF in the 2nd quarter worth $123,070,000. Rafferty Asset Management LLC raised its position in shares of VanEck Gold Miners ETF by 30.0% during 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 buying an additional 1,503,884 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of VanEck Gold Miners ETF in the third quarter valued at about $70,231,000. Meitav Investment House Ltd. lifted 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 valued at $54,725,000 after buying an additional 700,000 shares during the period. Finally, Parker Investment Management LLC acquired a new stake in VanEck Gold Miners ETF during the third quarter worth about $52,704,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $94.59 on Monday. The stock’s 50-day moving average price is $99.17 and its 200 day moving average price is $87.82. The firm has a market capitalization of $29.12 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12-month low of $40.26 and a 12-month 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.