Welch & Forbes LLC Decreases Stock Holdings in VanEck Gold Miners ETF $GDX

Welch & Forbes LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 187,249 shares of the exchange traded fund’s stock after selling 27,026 shares during the quarter. Welch & Forbes LLC’s holdings in VanEck Gold Miners ETF were worth $17,184,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GDX. Delta Asset Management LLC TN raised its holdings in shares of 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 valued at $103,000 after purchasing an additional 100 shares during the last quarter. Clear Creek Financial Management LLC boosted its holdings in VanEck Gold Miners ETF by 0.8% in the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock worth $1,171,000 after purchasing an additional 112 shares during the last quarter. Midwest Trust Co boosted its holdings in VanEck Gold Miners ETF by 2.8% in the first quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after purchasing an additional 115 shares during the last quarter. KFA Private Wealth Group LLC grew its position in VanEck Gold Miners ETF by 2.7% in the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 117 shares during the period. Finally, 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 period.

VanEck Gold Miners ETF Stock Down 0.3%

GDX traded down $0.25 during mid-day trading on Friday, reaching $75.53. 8,130,717 shares of the company traded hands, compared to its average volume of 25,875,484. The company’s fifty day moving average price is $83.45 and its 200-day moving average price is $92.20. The stock has a market capitalization of $23.04 billion, a P/E ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 52-week low of $50.44 and a 52-week high of $117.18.

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.