VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Worth Asset Management LLC

Worth Asset Management LLC reduced its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,491 shares of the exchange traded fund’s stock after selling 940 shares during the quarter. Worth Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $418,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Morton Capital Management LLC CA lifted its holdings in VanEck Gold Miners ETF by 0.3% in the 2nd quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock valued at $3,007,000 after acquiring an additional 287 shares during the last quarter. Mather Group LLC. boosted its holdings in VanEck Gold Miners ETF by 21.3% during the second quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 288 shares in the last quarter. Cedar Wealth Management LLC grew its position in VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 339 shares during the last quarter. IAM Advisory LLC increased its holdings in shares of VanEck Gold Miners ETF by 0.7% in the second quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock valued at $1,655,000 after buying an additional 341 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of VanEck Gold Miners ETF by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 366 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 0.7 %

Shares of NYSEARCA GDX opened at $40.15 on Friday. The stock’s fifty day simple moving average is $38.58 and its 200 day simple moving average is $36.08. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $41.95.

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.