AE Wealth Management LLC Cuts Stock Holdings in VanEck Gold Miners ETF $GDX

AE Wealth Management LLC decreased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 47.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,102 shares of the exchange traded fund’s stock after selling 78,160 shares during the quarter. AE Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $7,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. New Republic Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $29,000. Highline Wealth Partners LLC grew its holdings in shares of VanEck Gold Miners ETF by 45.0% during the third quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 135 shares during the last quarter. Family Management Corp purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $38,000. Tradewinds Capital Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 162.5% during the third quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 325 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $50,000.

VanEck Gold Miners ETF Stock Up 2.7%

NYSEARCA:GDX opened at $100.34 on Friday. The company’s 50 day moving average price is $98.52 and its 200-day moving average price is $89.43. VanEck Gold Miners ETF has a 52 week low of $45.10 and a 52 week high of $117.18. The stock has a market cap of $31.16 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71.

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.