Lido Advisors LLC Has $14.50 Million Holdings in VanEck Gold Miners ETF $GDX

Lido Advisors LLC lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.8% in the 4th quarter, HoldingsChannel reports. The fund owned 170,264 shares of the exchange traded fund’s stock after selling 32,054 shares during the quarter. Lido Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $14,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC increased its position in VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after acquiring an additional 1,503,884 shares in the last quarter. M&T Bank Corp increased its position in VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after acquiring an additional 1,998,748 shares in the last quarter. Rit Capital Partners PLC increased its position in VanEck Gold Miners ETF by 74.7% in the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after acquiring an additional 512,000 shares in the last quarter. Ameriprise Financial Inc. increased its position in VanEck Gold Miners ETF by 2.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after acquiring an additional 25,688 shares in the last quarter. Finally, Ion Asset Management Ltd. increased its position in VanEck Gold Miners ETF by 0.5% in the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after acquiring an additional 4,420 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 8.8%

GDX opened at $78.84 on Friday. The stock has a market capitalization of $24.29 billion, a PE ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 1-year low of $50.32 and a 1-year high of $117.18. The firm has a 50-day moving average price of $91.31 and a two-hundred day moving average price of $92.70.

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.