VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC lowered its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 28.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,875 shares of the exchange traded fund’s stock after selling 10,844 shares during the quarter. MONECO Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Advisors LLC boosted its stake in VanEck Gold Miners ETF by 9.8% in the second quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock valued at $599,000 after acquiring an additional 1,580 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in VanEck Gold Miners ETF by 39.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 30,474 shares of the exchange traded fund’s stock worth $964,000 after buying an additional 8,670 shares during the last quarter. US Bancorp DE increased its position in VanEck Gold Miners ETF by 4.9% during the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 649 shares during the period. LRI Investments LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $31,000. Finally, Clearbridge Investments LLC lifted its stake in VanEck Gold Miners ETF by 9.4% in the first quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock valued at $550,000 after buying an additional 1,500 shares during the last quarter.

VanEck Gold Miners ETF Trading Up 1.5 %

Shares of GDX opened at $42.00 on Wednesday. The company’s 50 day simple moving average is $39.87 and its 200-day simple moving average is $36.99. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm has a market cap of $16.79 billion, a PE ratio of 28.03 and a beta of 0.85.

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.