Hanson & Doremus Investment Management Cuts Position in VanEck Gold Miners ETF $GDX

Hanson & Doremus Investment Management decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,144 shares of the exchange traded fund’s stock after selling 11,115 shares during the quarter. Hanson & Doremus Investment Management’s holdings in VanEck Gold Miners ETF were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its position in VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares during the last quarter. Hsbc Holdings PLC lifted its position in VanEck Gold Miners ETF by 144.6% during the second quarter. Hsbc Holdings PLC now owns 40,320 shares of the exchange traded fund’s stock valued at $2,099,000 after purchasing an additional 130,765 shares during the last quarter. Invesco Ltd. purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter worth $31,236,000. EverSource Wealth Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 9.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 30,644 shares of the exchange traded fund’s stock worth $1,595,000 after buying an additional 2,735 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $201,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $94.59 on Friday. The company’s 50-day moving average price is $99.17 and its 200-day moving average price is $87.56. The company has a market cap of $29.12 billion, a PE ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a twelve month low of $40.26 and a twelve 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.