VanEck Gold Miners ETF $GDX Position Decreased by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC lowered its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 207,899 shares of the exchange traded fund’s stock after selling 109,419 shares during the quarter. VanEck Gold Miners ETF makes up about 1.9% of Red Cedar Investment Management LLC’s portfolio, making the stock its 11th biggest holding. Red Cedar Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $17,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eukles Asset Management acquired a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $27,000. Morton Brown Family Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at $36,000. Hantz Financial Services Inc. lifted its position in shares of VanEck Gold Miners ETF by 298.2% during the 4th quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 337 shares during the last quarter. Family Management Corp bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth $38,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth $51,000.

VanEck Gold Miners ETF Stock Down 1.4%

Shares of NYSEARCA GDX opened at $77.59 on Wednesday. The stock’s fifty day simple moving average is $91.07 and its 200 day simple moving average is $92.85. The stock has a market capitalization of $23.91 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 52-week low of $50.32 and a 52-week high of $117.18.

About VanEck Gold Miners ETF

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.