Nwam LLC Sells 25,386 Shares of VanEck Gold Miners ETF $GDX

Nwam LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 142,183 shares of the exchange traded fund’s stock after selling 25,386 shares during the quarter. VanEck Gold Miners ETF makes up 0.7% of Nwam LLC’s investment portfolio, making the stock its 27th biggest holding. Nwam LLC’s holdings in VanEck Gold Miners ETF were worth $12,195,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GDX. Midwest Trust Co increased its holdings in VanEck Gold Miners ETF by 8.1% in the fourth quarter. Midwest Trust Co now owns 4,054 shares of the exchange traded fund’s stock valued at $348,000 after purchasing an additional 304 shares during the period. Bensler LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter valued at $214,000. Flagship Private Wealth LLC increased its holdings in VanEck Gold Miners ETF by 13.1% in the fourth quarter. Flagship Private Wealth LLC now owns 3,458 shares of the exchange traded fund’s stock valued at $297,000 after purchasing an additional 400 shares during the period. NewEdge Wealth LLC increased its holdings in VanEck Gold Miners ETF by 2.9% in the fourth quarter. NewEdge Wealth LLC now owns 89,388 shares of the exchange traded fund’s stock valued at $7,667,000 after purchasing an additional 2,532 shares during the period. Finally, Wesbanco Bank Inc. increased its holdings in VanEck Gold Miners ETF by 3.6% in the fourth quarter. Wesbanco Bank Inc. now owns 9,052 shares of the exchange traded fund’s stock valued at $776,000 after purchasing an additional 318 shares during the period.

VanEck Gold Miners ETF Stock Up 3.1%

NYSEARCA GDX opened at $94.59 on Friday. The company has a market capitalization of $29.14 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a twelve month low of $45.10 and a twelve month high of $117.18. The stock has a fifty day simple moving average of $95.45 and a 200 day simple moving average of $90.62.

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.