SG Americas Securities LLC decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 47.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,578 shares of the exchange traded fund’s stock after selling 54,848 shares during the period. SG Americas Securities LLC’s holdings in VanEck Gold Miners ETF were worth $5,651,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in GDX. Advisory Alpha LLC acquired a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $848,000. Redhawk Wealth Advisors Inc. raised its holdings in VanEck Gold Miners ETF by 1,433.6% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 94,010 shares of the exchange traded fund’s stock valued at $8,063,000 after buying an additional 87,880 shares during the period. Sanders Morris Harris LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at about $867,000. Finally, Mainstay Capital Management LLC ADV purchased a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at about $1,421,000.
VanEck Gold Miners ETF Price Performance
NYSEARCA GDX opened at $77.00 on Monday. The stock has a market capitalization of $23.72 billion, a P/E ratio of 21.70 and a beta of 0.60. The firm’s 50-day moving average is $86.97 and its two-hundred day moving average is $92.88. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18.
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.
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