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

Clearwater Capital Advisors LLC decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 544,428 shares of the exchange traded fund’s stock after selling 14,489 shares during the period. VanEck Gold Miners ETF makes up about 2.0% of Clearwater Capital Advisors LLC’s holdings, making the stock its 13th largest holding. Clearwater Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $18,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its stake in VanEck Gold Miners ETF by 18.3% in the fourth quarter. Stephens Inc. AR now owns 69,163 shares of the exchange traded fund’s stock valued at $2,145,000 after purchasing an additional 10,688 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of VanEck Gold Miners ETF by 3.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock worth $2,082,000 after acquiring an additional 2,133 shares during the period. Capital Investment Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after acquiring an additional 1,580 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter valued at approximately $1,044,000. Finally, CIBC Private Wealth Group LLC increased its position in VanEck Gold Miners ETF by 8.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 32,831 shares of the exchange traded fund’s stock worth $1,018,000 after purchasing an additional 2,491 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 2.7 %

Shares of GDX traded down $1.01 during mid-day trading on Friday, reaching $36.32. The company had a trading volume of 19,939,184 shares, compared to its average volume of 22,764,180. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $39.97. The firm has a fifty day simple moving average of $37.26 and a 200-day simple moving average of $34.27. The stock has a market cap of $14.52 billion, a price-to-earnings 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.