Fullerton Fund Management Co Ltd. decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 75.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 211,671 shares of the exchange traded fund’s stock after selling 646,624 shares during the quarter. VanEck Gold Miners ETF accounts for about 0.8% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 25th biggest holding. Fullerton Fund Management Co Ltd.’s holdings in VanEck Gold Miners ETF were worth $18,155,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of GDX. Eukles Asset Management bought a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $27,000. Morton Brown Family Wealth LLC bought a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $36,000. Family Management Corp bought a new position in VanEck Gold Miners ETF in the third quarter worth approximately $38,000. Hantz Financial Services Inc. raised its stake in VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 337 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. bought a new position in VanEck Gold Miners ETF in the fourth quarter worth approximately $51,000.
VanEck Gold Miners ETF Stock Up 2.3%
Shares of NYSEARCA:GDX opened at $87.24 on Wednesday. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 52 week low of $50.32 and a 52 week high of $117.18. The firm has a 50 day moving average of $89.90 and a 200 day moving average of $92.99.
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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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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