Cheviot Value Management LLC Sells 6,912 Shares of VanEck Gold Miners ETF $GDX

Cheviot Value Management LLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 10.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,977 shares of the exchange traded fund’s stock after selling 6,912 shares during the period. Cheviot Value Management LLC’s holdings in VanEck Gold Miners ETF were worth $5,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GDX. New Republic Capital LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $36,000. Family Management Corp acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $38,000. Activest Wealth Management acquired a new position in VanEck Gold Miners ETF during the 3rd quarter worth approximately $50,000. Finally, Laurel Wealth Advisors LLC acquired a new position in VanEck Gold Miners ETF during the 4th quarter worth approximately $56,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $94.59 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $45.10 and a fifty-two week high of $117.18. The firm has a market capitalization of $29.14 billion, a P/E ratio of 21.70 and a beta of 0.61. The company’s 50 day moving average price is $95.45 and its two-hundred day moving average price is $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.