VanEck Gold Miners ETF $GDX Shares Sold by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,899 shares of the exchange traded fund’s stock after selling 109,419 shares during the quarter. VanEck Gold Miners ETF accounts for 1.9% of Red Cedar Investment Management LLC’s portfolio, making the stock its 11th largest position. Red Cedar Investment Management LLC owned about 0.07% of VanEck Gold Miners ETF worth $17,832,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GDX. Gordian Capital Singapore Pte Ltd grew its stake in shares of VanEck Gold Miners ETF by 13.3% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 20,400 shares of the exchange traded fund’s stock worth $1,750,000 after purchasing an additional 2,400 shares in the last quarter. Cerity Partners LLC lifted its holdings in VanEck Gold Miners ETF by 4.3% in the fourth quarter. Cerity Partners LLC now owns 119,178 shares of the exchange traded fund’s stock worth $10,222,000 after purchasing an additional 4,915 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in VanEck Gold Miners ETF by 5.0% in the fourth 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. Comprehensive Financial Planning Inc. PA bought a new position in VanEck Gold Miners ETF in the 4th quarter valued at about $410,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $51,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $77.59 on Wednesday. VanEck Gold Miners ETF has a 12-month low of $50.32 and a 12-month high of $117.18. The stock has a market capitalization of $23.91 billion, a PE ratio of 21.70 and a beta of 0.60. The firm has a 50 day simple moving average of $91.07 and a 200-day simple moving average of $92.85.

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.