Cheviot Value Management LLC Reduces Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cheviot Value Management LLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,492 shares of the exchange traded fund’s stock after selling 884 shares during the quarter. Cheviot Value Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Capital Investment Advisors LLC lifted its position in VanEck Gold Miners ETF by 9.8% during the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 1,580 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in VanEck Gold Miners ETF by 2.7% during the second quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock valued at $583,000 after purchasing an additional 454 shares in the last quarter. Diversified Trust Co bought a new position in shares of VanEck Gold Miners ETF in the second quarter worth approximately $258,000. &PARTNERS purchased a new stake in shares of VanEck Gold Miners ETF in the second quarter worth $341,000. Finally, SG Americas Securities LLC raised its position in shares of VanEck Gold Miners ETF by 99.5% during the 2nd quarter. SG Americas Securities LLC now owns 249,946 shares of the exchange traded fund’s stock valued at $8,481,000 after purchasing an additional 124,639 shares during the period.

VanEck Gold Miners ETF Stock Performance

GDX opened at $37.66 on Monday. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. The firm’s fifty day moving average is $39.61 and its 200 day moving average is $37.62. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22.

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.