Great Diamond Partners LLC Reduces Stock Holdings in VanEck Gold Miners ETF $GDX

Great Diamond Partners LLC lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,768 shares of the exchange traded fund’s stock after selling 6,546 shares during the quarter. Great Diamond Partners LLC’s holdings in VanEck Gold Miners ETF were worth $2,639,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GDX. Morton Brown Family Wealth LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $36,000. Family Management Corp purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $38,000. Activest Wealth Management purchased a new position in shares of VanEck Gold Miners ETF in the third quarter valued at $50,000. Laurel Wealth Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter valued at $56,000. Finally, HHM Wealth Advisors LLC increased its position in shares of VanEck Gold Miners ETF by 560.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 560 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 3.1%

Shares of GDX stock opened at $86.36 on Thursday. VanEck Gold Miners ETF has a fifty-two week low of $48.70 and a fifty-two week high of $117.18. The stock has a market cap of $26.61 billion, a P/E ratio of 21.70 and a beta of 0.61. The business has a fifty day simple moving average of $92.48 and a 200-day simple moving average of $91.79.

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.