VanEck Gold Miners ETF $GDX Stock Sold by Rhodes Investment Advisors Inc. ADV

Rhodes Investment Advisors Inc. ADV trimmed its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,745 shares of the exchange traded fund’s stock after selling 20,675 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 2.7% of Rhodes Investment Advisors Inc. ADV’s holdings, making the stock its 5th largest position. Rhodes Investment Advisors Inc. ADV’s holdings in VanEck Gold Miners ETF were worth $3,841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of VanEck Gold Miners ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 8,345,307 shares of the exchange traded fund’s stock worth $765,849,000 after acquiring an additional 858,716 shares during the period. Bank of Nova Scotia boosted its position in VanEck Gold Miners ETF by 282.0% in the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock worth $247,133,000 after purchasing an additional 1,987,920 shares during the last quarter. Meitav Investment House Ltd. boosted its position in VanEck Gold Miners ETF by 68.6% in the first quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock worth $111,152,000 after purchasing an additional 493,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $101,981,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $84,873,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX traded down $2.76 during trading on Wednesday, hitting $85.46. The company’s stock had a trading volume of 20,803,857 shares, compared to its average volume of 24,580,055. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 21.70 and a beta of 0.68. The company has a 50-day moving average of $92.43 and a 200-day moving average of $87.67. VanEck Gold Miners ETF has a 12 month low of $68.13 and a 12 month 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 MarketVector Global 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.