VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 45,743 shares of the exchange traded fund’s stock after selling 2,868 shares during the period. VanEck Gold Miners ETF makes up approximately 0.7% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Lowe Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GDX. Quadrature Capital Ltd purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at $76,065,000. Carrhae Capital LLP purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $43,073,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $35,838,000. Caisse DE Depot ET Placement DU Quebec grew its stake in VanEck Gold Miners ETF by 70.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after buying an additional 760,722 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in VanEck Gold Miners ETF during the second quarter worth approximately $12,977,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock traded up $0.07 during trading hours on Friday, hitting $35.97. The stock had a trading volume of 19,259,737 shares, compared to its average volume of 18,429,232. The firm has a market capitalization of $14.38 billion, a PE ratio of 28.03 and a beta of 0.85. The stock’s 50 day moving average is $36.60 and its 200 day moving average is $37.78. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

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.