NewEdge Advisors LLC Trims Holdings in VanEck Gold Miners ETF $GDX

NewEdge Advisors LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,950 shares of the exchange traded fund’s stock after selling 35,725 shares during the quarter. NewEdge Advisors LLC owned approximately 0.07% of VanEck Gold Miners ETF worth $19,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDX. Delta Asset Management LLC TN increased its position in VanEck Gold Miners ETF by 9.1% during the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 100 shares during the period. Clear Creek Financial Management LLC boosted its holdings in VanEck Gold Miners ETF by 0.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after purchasing an additional 112 shares during the period. Midwest Trust Co boosted its holdings in VanEck Gold Miners ETF by 2.8% in the 1st quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock valued at $383,000 after purchasing an additional 115 shares during the period. O Shaughnessy Asset Management LLC grew its position in VanEck Gold Miners ETF by 5.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 117 shares during the last quarter. Finally, Conservest Capital Advisors Inc. grew its position in VanEck Gold Miners ETF by 4.1% in the 1st quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock worth $287,000 after purchasing an additional 123 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $89.89 on Friday. The firm’s 50-day moving average is $78.12 and its 200-day moving average is $90.12. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 52-week low of $56.34 and a 52-week high of $117.18.

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.