Transcend Capital Advisors LLC Sells 19,654 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Transcend Capital Advisors LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 51.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,330 shares of the exchange traded fund’s stock after selling 19,654 shares during the quarter. Transcend Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GDX. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $25,000. Financial Connections Group Inc. bought a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth $25,000. Aptus Capital Advisors LLC boosted its holdings 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 during the period. Finally, St. Johns Investment Management Company LLC bought a new position in VanEck Gold Miners ETF in the 3rd quarter worth $49,000.

VanEck Gold Miners ETF Stock Performance

Shares of VanEck Gold Miners ETF stock opened at $40.80 on Friday. The company has a market capitalization of $16.31 billion, a P/E ratio of 28.03 and a beta of 0.85. The company has a fifty day moving average of $37.54 and a 200 day moving average of $38.41. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22.

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.