VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Position Decreased by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC trimmed its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,623 shares of the exchange traded fund’s stock after selling 27,516 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in VanEck Gold Miners ETF were worth $4,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GDX. Roxbury Financial LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at about $25,000. Eastern Bank acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Financial Connections Group Inc. bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at approximately $25,000. Rothschild Investment LLC boosted its position in VanEck Gold Miners ETF by 100.0% during the fourth 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 during the period. Finally, Millstone Evans Group LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $34,000.

VanEck Gold Miners ETF Trading Down 0.4 %

Shares of VanEck Gold Miners ETF stock opened at $45.57 on Monday. The firm has a fifty day simple moving average of $41.29 and a 200-day simple moving average of $39.28. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 1-year low of $31.71 and a 1-year high of $46.94.

About VanEck Gold Miners ETF

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.