VanEck Gold Miners ETF $GDX Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lowered its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 64.7% during the fourth quarter, Holdings Channel reports. The fund owned 6,919 shares of the exchange traded fund’s stock after selling 12,658 shares during the quarter. Ameritas Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. M&T Bank Corp grew its position in VanEck Gold Miners ETF by 7,491.6% during the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after buying an additional 1,998,748 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after buying an additional 1,503,884 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in shares of VanEck Gold Miners ETF in the third quarter worth about $70,231,000. Meitav Investment House Ltd. lifted its stake in shares of VanEck Gold Miners ETF by 3,846.2% in the third quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after buying an additional 700,000 shares in the last quarter. Finally, Parker Investment Management LLC purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $52,704,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $87.35 on Friday. The firm’s 50-day moving average is $93.44 and its two-hundred day moving average is $91.34. VanEck Gold Miners ETF has a 12 month low of $45.24 and a 12 month high of $117.18. The company has a market capitalization of $26.91 billion, a PE ratio of 21.70 and a beta of 0.61.

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.