Cairn Investment Group Inc. Has $5.48 Million Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cairn Investment Group Inc. trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,730 shares of the exchange traded fund’s stock after selling 395 shares during the quarter. VanEck Gold Miners ETF makes up approximately 3.2% of Cairn Investment Group Inc.’s holdings, making the stock its 7th biggest position. Cairn Investment Group Inc.’s holdings in VanEck Gold Miners ETF were worth $5,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. Atomi Financial Group Inc. boosted its position in shares of VanEck Gold Miners ETF by 5.5% during the 4th quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 462 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 12.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 1,301 shares during the last quarter. CWM LLC boosted its position in shares of VanEck Gold Miners ETF by 55.8% during the 3rd quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock valued at $744,000 after acquiring an additional 6,694 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in VanEck Gold Miners ETF in the third quarter worth $438,000. Finally, SMART Wealth LLC lifted its position in VanEck Gold Miners ETF by 2.0% in the third quarter. SMART Wealth LLC now owns 28,658 shares of the exchange traded fund’s stock worth $1,141,000 after buying an additional 572 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 0.5 %

Shares of GDX opened at $37.90 on Thursday. The company has a market cap of $15.15 billion, a PE ratio of 28.03 and a beta of 0.85. The business has a fifty day moving average of $36.38 and a 200 day moving average of $37.96. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22.

VanEck Gold Miners ETF 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.