Geneos Wealth Management Inc. Cuts Holdings in VanEck Gold Miners ETF $GDX

Geneos Wealth Management Inc. lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,682 shares of the exchange traded fund’s stock after selling 12,836 shares during the period. Geneos Wealth Management Inc.’s holdings in VanEck Gold Miners ETF were worth $3,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GDX. Delta Asset Management LLC TN boosted its stake in VanEck Gold Miners ETF by 9.1% in the fourth quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 100 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in VanEck Gold Miners ETF by 0.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after acquiring an additional 112 shares in the last quarter. Midwest Trust Co grew its position in shares of VanEck Gold Miners ETF by 2.8% during the 1st quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock valued at $383,000 after purchasing an additional 115 shares in the last quarter. KFA Private Wealth Group LLC grew its position in VanEck Gold Miners ETF by 2.7% during the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock worth $382,000 after buying an additional 117 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock valued at $210,000 after acquiring an additional 117 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 0.1%

Shares of NYSEARCA GDX opened at $71.32 on Friday. The business has a 50-day moving average of $81.69 and a 200-day moving average of $91.60. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $51.12 and a 12 month high of $117.18.

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.