Welch & Forbes LLC Has $18.38 Million Stock Position in VanEck Gold Miners ETF $GDX

Welch & Forbes LLC trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,275 shares of the exchange traded fund’s stock after selling 15,994 shares during the quarter. Welch & Forbes LLC owned 0.07% of VanEck Gold Miners ETF worth $18,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Eukles Asset Management acquired a new stake in VanEck Gold Miners ETF during the fourth quarter valued at approximately $27,000. Morton Brown Family Wealth LLC acquired a new stake in VanEck Gold Miners ETF during the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. boosted its holdings in VanEck Gold Miners ETF by 298.2% during the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 337 shares in the last quarter. Family Management Corp acquired a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $38,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $56,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $89.49 on Friday. The company has a market capitalization of $27.57 billion, a P/E ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a one year low of $49.72 and a one year high of $117.18. The business’s 50 day simple moving average is $91.13 and its 200-day simple moving average is $92.42.

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.