Select Asset Management & Trust Sells 10,000 Shares of VanEck Gold Miners ETF $GDX

Select Asset Management & Trust lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.3% in the fourth quarter, HoldingsChannel reports. The firm owned 20,000 shares of the exchange traded fund’s stock after selling 10,000 shares during the period. VanEck Gold Miners ETF accounts for about 0.5% of Select Asset Management & Trust’s holdings, making the stock its 22nd biggest position. Select Asset Management & Trust’s holdings in VanEck Gold Miners ETF were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eukles Asset Management bought a new stake in VanEck Gold Miners ETF in the fourth quarter valued at about $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $36,000. Family Management Corp bought a new stake in shares of VanEck Gold Miners ETF in the third quarter worth about $38,000. Hantz Financial Services Inc. increased its holdings in shares of VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 337 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $56,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $86.68 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $50.32 and a 1 year high of $117.18. The business has a 50-day moving average of $91.21 and a two-hundred day moving average of $92.60. The company has a market capitalization of $26.71 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.