Beirne Wealth Consulting Services LLC Sells 314 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Beirne Wealth Consulting Services LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,441 shares of the exchange traded fund’s stock after selling 314 shares during the quarter. VanEck Gold Miners ETF makes up approximately 1.0% of Beirne Wealth Consulting Services LLC’s holdings, making the stock its 25th biggest holding. Beirne Wealth Consulting Services LLC’s holdings in VanEck Gold Miners ETF were worth $2,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Quadrature Capital Ltd acquired a new position in VanEck Gold Miners ETF during the 3rd quarter valued at approximately $76,065,000. Strategic Financial Concepts LLC increased its stake in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after acquiring an additional 1,771,440 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $35,838,000. Fiduciary Family Office LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter valued at $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of VanEck Gold Miners ETF by 70.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after acquiring an additional 760,722 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $41.54 on Wednesday. The stock’s 50-day simple moving average is $37.32 and its 200-day simple moving average is $38.31. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm has a market capitalization of $16.61 billion, a PE ratio of 28.03 and a beta of 0.85.

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.