Axxcess Wealth Management LLC Sells 20,028 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Axxcess Wealth Management LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,638 shares of the exchange traded fund’s stock after selling 20,028 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $3,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of VanEck Gold Miners ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after purchasing an additional 294,034 shares during the period. Proficio Capital Partners LLC raised its holdings in VanEck Gold Miners ETF by 1,116.3% during the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after buying an additional 1,967,832 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter valued at $76,065,000. Raymond James Financial Inc. bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of VanEck Gold Miners ETF by 70.5% in the third 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 acquiring an additional 760,722 shares during the period.

VanEck Gold Miners ETF Trading Up 0.6 %

Shares of NYSEARCA:GDX opened at $44.85 on Wednesday. The company has a 50-day moving average price of $39.88 and a 200-day moving average price of $38.84. The company has a market cap of $14.87 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 12 month low of $28.91 and a 12 month high of $45.65.

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.