HighTower Advisors LLC Decreases Stock Holdings in VanEck Gold Miners ETF $GDX

HighTower Advisors LLC trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 513,399 shares of the exchange traded fund’s stock after selling 82,834 shares during the quarter. HighTower Advisors LLC owned 0.17% of VanEck Gold Miners ETF worth $44,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rafferty Asset Management LLC increased its position in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after buying an additional 1,503,884 shares during the last quarter. M&T Bank Corp increased its position in VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after buying an additional 1,998,748 shares during the last quarter. Ameriprise Financial Inc. increased its position in VanEck Gold Miners ETF by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock worth $82,336,000 after buying an additional 25,688 shares during the last quarter. Ion Asset Management Ltd. increased its position in VanEck Gold Miners ETF by 0.5% in the second quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock worth $50,965,000 after buying an additional 4,420 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in VanEck Gold Miners ETF in the third quarter worth $70,231,000.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $85.99 on Friday. The business has a fifty day simple moving average of $92.13 and a two-hundred day simple moving average of $91.89. VanEck Gold Miners ETF has a 1 year low of $48.70 and a 1 year high of $117.18. The company has a market capitalization of $26.49 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.