VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,850 shares of the exchange traded fund’s stock after selling 1,186 shares during the period. Cornerstone Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth $76,065,000. Carrhae Capital LLP purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter worth $43,073,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in VanEck Gold Miners ETF in the 3rd quarter worth $35,838,000. Fiduciary Family Office LLC acquired a new position in VanEck Gold Miners ETF in the 4th quarter worth $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after buying an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $37.95 on Friday. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22. The stock’s 50-day simple moving average is $36.37 and its 200-day simple moving average is $37.96. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.