Choreo LLC Trims Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Choreo LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,906 shares of the exchange traded fund’s stock after selling 950 shares during the quarter. Choreo LLC’s holdings in VanEck Gold Miners ETF were worth $234,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GDX. Eastern Bank purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Aptus Capital Advisors LLC grew its stake in VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 329 shares in the last quarter. St. Johns Investment Management Company LLC bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth $49,000. Laurel Wealth Advisors LLC raised its position in shares of VanEck Gold Miners ETF by 2,586.2% during the 4th quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,500 shares in the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of VanEck Gold Miners ETF by 52.3% during the 3rd quarter. Studio Investment Management LLC now owns 1,831 shares of the exchange traded fund’s stock worth $73,000 after acquiring an additional 629 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $41.08 on Friday. The firm has a fifty day moving average of $37.18 and a 200 day moving average of $38.23. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The firm has a market capitalization of $16.42 billion, a PE ratio of 28.03 and a beta of 0.85.

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.