Avalon Capital Management Lowers Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Avalon Capital Management decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 57.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,798 shares of the exchange traded fund’s stock after selling 269,135 shares during the period. VanEck Gold Miners ETF accounts for about 2.2% of Avalon Capital Management’s portfolio, making the stock its 11th biggest holding. Avalon Capital Management’s holdings in VanEck Gold Miners ETF were worth $6,775,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth $25,000. Financial Connections Group Inc. purchased a new position in VanEck Gold Miners ETF during the fourth quarter valued at $25,000. Aptus Capital Advisors LLC increased 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 valued at $38,000 after acquiring an additional 329 shares during the last quarter. Finally, Rothschild Investment LLC lifted its stake in VanEck Gold Miners ETF by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.4 %

Shares of VanEck Gold Miners ETF stock opened at $40.97 on Tuesday. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The business has a 50-day moving average price of $37.63 and a 200-day moving average price of $38.48. The firm has a market cap of $16.38 billion, a price-to-earnings 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.