D.A. Davidson & CO. Cuts Holdings in VanEck Gold Miners ETF $GDX

D.A. Davidson & CO. lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,884 shares of the exchange traded fund’s stock after selling 18,918 shares during the quarter. D.A. Davidson & CO.’s holdings in VanEck Gold Miners ETF were worth $6,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. New Republic Capital LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $36,000. Family Management Corp acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $38,000. Tradewinds Capital Management LLC raised its stake in shares of VanEck Gold Miners ETF by 162.5% in the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 325 shares during the period. Finally, Activest Wealth Management purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $50,000.

VanEck Gold Miners ETF Trading Down 4.4%

Shares of VanEck Gold Miners ETF stock opened at $88.54 on Wednesday. The company has a fifty day moving average price of $97.24 and a 200 day moving average price of $90.32. VanEck Gold Miners ETF has a twelve month low of $45.10 and a twelve month high of $117.18. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 21.70 and a beta of 0.71.

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.