Northwestern Mutual Wealth Management Co. Trims Stock Position in VanEck Gold Miners ETF $GDX

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 87.2% in the 4th quarter, HoldingsChannel reports. The firm owned 44,980 shares of the exchange traded fund’s stock after selling 307,370 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in VanEck Gold Miners ETF were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its holdings in VanEck Gold Miners ETF by 0.8% in the fourth quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after buying an additional 112 shares in the last quarter. KFA Private Wealth Group LLC increased its holdings in VanEck Gold Miners ETF by 2.7% in the fourth quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 117 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in VanEck Gold Miners ETF by 11.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 130 shares in the last quarter. LifeGoal Investments LLC increased its holdings in VanEck Gold Miners ETF by 3.6% in the fourth quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock valued at $409,000 after buying an additional 164 shares in the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in VanEck Gold Miners ETF by 5.2% in the fourth quarter. Fiduciary Alliance LLC now owns 3,391 shares of the exchange traded fund’s stock valued at $291,000 after buying an additional 167 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $85.02 on Monday. VanEck Gold Miners ETF has a fifty-two week low of $49.34 and a fifty-two week high of $117.18. The company has a fifty day moving average of $91.80 and a two-hundred day moving average of $91.99. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61.

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.