VanEck Gold Miners ETF $GDX Stock Sold by Welch & Forbes LLC

Welch & Forbes LLC decreased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,872 shares of the exchange traded fund’s stock after selling 14,532 shares during the period. Welch & Forbes LLC owned about 0.05% of VanEck Gold Miners ETF worth $13,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC raised its stake in shares of VanEck Gold Miners ETF by 2.8% in the second quarter. MCF Advisors LLC now owns 3,690 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 100 shares during the last quarter. Midwest Trust Co boosted its holdings in shares of VanEck Gold Miners ETF by 2.8% in the 1st quarter. Midwest Trust Co now owns 4,169 shares of the exchange traded fund’s stock worth $383,000 after acquiring an additional 115 shares in the last quarter. Conservest Capital Advisors Inc. grew its position in VanEck Gold Miners ETF by 4.1% during the 1st quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock worth $287,000 after acquiring an additional 123 shares during the last quarter. CWA Asset Management Group LLC grew its position in VanEck Gold Miners ETF by 1.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 7,027 shares of the exchange traded fund’s stock worth $617,000 after acquiring an additional 133 shares during the last quarter. Finally, Miller Financial Services LLC grew its position in VanEck Gold Miners ETF by 1.8% during the 3rd quarter. Miller Financial Services LLC now owns 8,352 shares of the exchange traded fund’s stock worth $733,000 after acquiring an additional 145 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $91.46 on Tuesday. The business has a fifty day moving average price of $89.41 and a 200 day moving average price of $90.29. VanEck Gold Miners ETF has a fifty-two week low of $69.74 and a fifty-two week high of $117.18. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 21.70 and a beta of 0.70.

VanEck Gold Miners ETF Profile

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.