Lido Advisors LLC Sells 32,054 Shares of VanEck Gold Miners ETF $GDX

Lido Advisors LLC reduced its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,264 shares of the exchange traded fund’s stock after selling 32,054 shares during the period. Lido Advisors LLC owned about 0.06% of VanEck Gold Miners ETF worth $14,497,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC lifted its holdings in VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. M&T Bank Corp lifted its holdings in VanEck Gold Miners ETF by 7,491.6% during the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares during the last quarter. Rit Capital Partners PLC lifted its holdings in VanEck Gold Miners ETF by 74.7% during the 4th quarter. Rit Capital Partners PLC now owns 1,197,000 shares of the exchange traded fund’s stock valued at $102,679,000 after purchasing an additional 512,000 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in VanEck Gold Miners ETF by 2.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after purchasing an additional 25,688 shares during the last quarter. Finally, Ion Asset Management Ltd. lifted its holdings in VanEck Gold Miners ETF by 0.5% during the 2nd quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after purchasing an additional 4,420 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 8.8%

Shares of GDX stock opened at $78.84 on Friday. VanEck Gold Miners ETF has a 12-month low of $50.32 and a 12-month high of $117.18. The company has a market capitalization of $24.29 billion, a P/E ratio of 21.70 and a beta of 0.60. The firm has a 50-day moving average price of $91.31 and a 200 day moving average price of $92.70.

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.