Oppenheimer & Co. Inc. Has $1.66 Million Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Oppenheimer & Co. Inc. decreased its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,995 shares of the exchange traded fund’s stock after selling 16,915 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in VanEck Gold Miners ETF were worth $1,661,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GDX. Pettinga Financial Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 1.5% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 45,322 shares of the exchange traded fund’s stock worth $1,805,000 after purchasing an additional 675 shares during the last quarter. Focus Financial Network Inc. increased its position in shares of VanEck Gold Miners ETF by 20.1% during the 3rd quarter. Focus Financial Network Inc. now owns 9,427 shares of the exchange traded fund’s stock worth $375,000 after purchasing an additional 1,580 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in VanEck Gold Miners ETF by 932.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,636 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 5,993 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in VanEck Gold Miners ETF by 8.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 380,461 shares of the exchange traded fund’s stock valued at $15,150,000 after purchasing an additional 28,829 shares during the last quarter. Finally, Citizens National Bank Trust Department lifted its stake in VanEck Gold Miners ETF by 4.8% in the 3rd quarter. Citizens National Bank Trust Department now owns 6,696 shares of the exchange traded fund’s stock valued at $267,000 after purchasing an additional 308 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $39.71 on Tuesday. VanEck Gold Miners ETF has a 52-week low of $27.68 and a 52-week high of $44.22. The company has a market capitalization of $13.36 billion, a P/E ratio of 22.76 and a beta of 0.96. The company has a 50-day simple moving average of $38.15 and a 200 day simple moving average of $38.59.

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.