Cornerstone Wealth Management LLC Lowers Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cornerstone Wealth Management LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,850 shares of the exchange traded fund’s stock after selling 1,186 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at about $76,065,000. Carrhae Capital LLP acquired a new position in shares of VanEck Gold Miners ETF in the 3rd quarter valued at about $43,073,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth about $35,838,000. Fiduciary Family Office LLC purchased a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth about $25,807,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in VanEck Gold Miners ETF by 70.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after purchasing an additional 760,722 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 1.2 %

Shares of GDX stock opened at $37.95 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm’s 50 day moving average price is $36.37 and its two-hundred day moving average price is $37.96. The stock has a market cap of $15.17 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.