Welch & Forbes LLC Has $18.38 Million Holdings in VanEck Gold Miners ETF $GDX

Welch & Forbes LLC reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,275 shares of the exchange traded fund’s stock after selling 15,994 shares during the quarter. Welch & Forbes LLC’s holdings in VanEck Gold Miners ETF were worth $18,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eukles Asset Management bought a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $27,000. Morton Brown Family Wealth LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $36,000. Family Management Corp bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth approximately $38,000. Hantz Financial Services Inc. raised its position in VanEck Gold Miners ETF by 298.2% in the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 337 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $56,000.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $89.49 on Friday. The company has a 50 day moving average price of $91.13 and a 200 day moving average price of $92.42. VanEck Gold Miners ETF has a fifty-two week low of $49.72 and a fifty-two week high of $117.18. The stock has a market capitalization of $27.57 billion, a PE 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.