Rockport Wealth LLC lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,142 shares of the exchange traded fund’s stock after selling 31,189 shares during the quarter. Rockport Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $3,614,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Morton Brown Family Wealth LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter valued at about $36,000. Family Management Corp purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $38,000. Activest Wealth Management purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $50,000. Laurel Wealth Advisors LLC purchased a new position in VanEck Gold Miners ETF during the fourth quarter worth about $56,000. Finally, HHM Wealth Advisors LLC boosted its stake in VanEck Gold Miners ETF by 560.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 660 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 560 shares during the period.
VanEck Gold Miners ETF Price Performance
Shares of GDX stock opened at $87.14 on Tuesday. The firm has a market cap of $26.85 billion, a PE ratio of 21.70 and a beta of 0.61. The company has a 50-day moving average of $93.15 and a two-hundred day moving average of $91.61. VanEck Gold Miners ETF has a 1-year low of $46.65 and a 1-year 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.
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