VanEck Gold Miners ETF $GDX Stock Holdings Trimmed by CMC Financial Group

CMC Financial Group lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.7% during the first quarter, HoldingsChannel.com reports. The firm owned 47,187 shares of the exchange traded fund’s stock after selling 16,330 shares during the period. VanEck Gold Miners ETF comprises approximately 8.5% of CMC Financial Group’s holdings, making the stock its 5th biggest holding. CMC Financial Group’s holdings in VanEck Gold Miners ETF were worth $4,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. lifted its stake in shares of VanEck Gold Miners ETF by 1,433.6% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock valued at $8,063,000 after purchasing an additional 87,880 shares in the last quarter. Rit Capital Partners PLC increased its position in VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock worth $102,679,000 after purchasing an additional 512,000 shares in the last quarter. MFA Wealth Services purchased a new position in VanEck Gold Miners ETF in the fourth quarter valued at approximately $510,000. Cushing Capital Partners LLC raised its holdings in VanEck Gold Miners ETF by 45.8% in the fourth quarter. Cushing Capital Partners LLC now owns 24,867 shares of the exchange traded fund’s stock valued at $2,133,000 after buying an additional 7,809 shares during the period. Finally, Sequent Planning LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $491,000.

VanEck Gold Miners ETF Stock Up 4.9%

GDX opened at $74.19 on Wednesday. VanEck Gold Miners ETF has a 52-week low of $51.37 and a 52-week high of $117.18. The company has a 50 day moving average of $80.70 and a two-hundred day moving average of $91.45. The company has a market cap of $22.66 billion, a P/E ratio of 21.70 and a beta of 0.65.

VanEck Gold Miners ETF 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.