D.A. Davidson & CO. Sells 18,267 Shares of VanEck Gold Miners ETF $GDX

D.A. Davidson & CO. decreased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,617 shares of the exchange traded fund’s stock after selling 18,267 shares during the period. D.A. Davidson & CO.’s holdings in VanEck Gold Miners ETF were worth $5,471,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. increased its stake in shares of VanEck Gold Miners ETF by 1,433.6% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock valued at $8,063,000 after buying an additional 87,880 shares during the period. Sanders Morris Harris LLC acquired a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $867,000. Rit Capital Partners PLC lifted its stake in shares of VanEck Gold Miners ETF by 74.7% during the fourth quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after acquiring an additional 512,000 shares during the period. MFA Wealth Services bought a new position in VanEck Gold Miners ETF in the fourth quarter valued at about $510,000. Finally, Cushing Capital Partners LLC boosted its holdings in VanEck Gold Miners ETF by 45.8% in the fourth quarter. Cushing Capital Partners LLC now owns 24,867 shares of the exchange traded fund’s stock valued at $2,133,000 after acquiring an additional 7,809 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 0.1%

Shares of GDX stock opened at $71.32 on Friday. The stock has a 50-day moving average price of $81.69 and a 200 day moving average price of $91.60. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $51.12 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.