Capital Investment Advisors LLC Reduces Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Capital Investment Advisors LLC trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,812 shares of the exchange traded fund’s stock after selling 856 shares during the quarter. Capital Investment Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GDX. Morton Capital Management LLC CA raised its stake in shares of VanEck Gold Miners ETF by 0.3% in the second quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock valued at $3,007,000 after acquiring an additional 287 shares in the last quarter. Mather Group LLC. raised its stake in VanEck Gold Miners ETF by 21.3% during the 2nd quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 288 shares during the last quarter. Cedar Wealth Management LLC grew its position in VanEck Gold Miners ETF by 63.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. IAM Advisory LLC boosted its holdings in shares of VanEck Gold Miners ETF by 0.7% in the second quarter. IAM Advisory LLC now owns 48,789 shares of the exchange traded fund’s stock valued at $1,655,000 after acquiring an additional 341 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in VanEck Gold Miners ETF by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 10,134 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 366 shares during the period.

VanEck Gold Miners ETF Stock Up 4.0 %

NYSEARCA:GDX opened at $43.15 on Monday. The firm’s fifty day simple moving average is $39.24 and its 200-day simple moving average is $36.53. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $43.31. The stock has a market cap of $17.25 billion, a PE ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.