VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Holdings Lessened by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 60.9% in the third quarter, HoldingsChannel reports. The fund owned 10,035 shares of the exchange traded fund’s stock after selling 15,658 shares during the quarter. Arete Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $397,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GDX. National Bank of Canada FI lifted its position in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after purchasing an additional 1,842,885 shares during the period. Quadrature Capital Ltd acquired a new position in VanEck Gold Miners ETF during the 3rd quarter worth about $76,065,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in VanEck Gold Miners ETF by 70.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after buying an additional 760,722 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in VanEck Gold Miners ETF by 3,646.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after acquiring an additional 1,673,315 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of VanEck Gold Miners ETF by 6.9% in the third quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after purchasing an additional 84,471 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $37.66 on Friday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The company has a market cap of $15.05 billion, a PE ratio of 28.03 and a beta of 0.85. The firm has a 50-day moving average of $39.66 and a 200-day moving average of $37.59.

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.