Castle Wealth Management LLC Lowers Position in VanEck Gold Miners ETF $GDX

Castle Wealth Management LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.2% in the second quarter, HoldingsChannel reports. The firm owned 51,840 shares of the exchange traded fund’s stock after selling 8,547 shares during the quarter. Castle Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDX. Hurley Capital LLC purchased a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at approximately $26,000. Hoey Investments Inc. lifted its holdings in shares of VanEck Gold Miners ETF by 71.0% during the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 213 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF during the second quarter valued at approximately $34,000. NorthRock Partners LLC lifted its holdings in shares of VanEck Gold Miners ETF by 69.1% during the first quarter. NorthRock Partners LLC now owns 930 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 380 shares during the last quarter. Finally, IMA Advisory Services Inc. purchased a new position in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $44,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $72.95 on Thursday. The firm has a 50 day moving average price of $69.97 and a 200-day moving average price of $57.62. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $85.08. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77.

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.