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

Welch & Forbes LLC lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230,269 shares of the exchange traded fund’s stock after selling 9,667 shares during the quarter. Welch & Forbes LLC owned 0.08% of VanEck Gold Miners ETF worth $17,593,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New Republic Capital LLC purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at approximately $29,000. Highline Wealth Partners LLC lifted its stake in VanEck Gold Miners ETF by 45.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 435 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 135 shares during the period. Tradewinds Capital Management LLC lifted its stake in VanEck Gold Miners ETF by 162.5% during the 3rd quarter. Tradewinds Capital Management LLC now owns 525 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 325 shares during the period. Creekmur Asset Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 147.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 362 shares during the last quarter. Finally, Activest Wealth Management acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $50,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $94.20 on Friday. The stock has a market cap of $28.42 billion, a PE ratio of 21.70 and a beta of 0.55. The firm has a fifty day moving average price of $90.40 and a 200 day moving average price of $75.21. VanEck Gold Miners ETF has a 1 year low of $38.58 and a 1 year high of $113.50.

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.