JPMorgan Chase & Co. Reduces Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

JPMorgan Chase & Co. cut its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,469,497 shares of the exchange traded fund’s stock after selling 2,124,301 shares during the quarter. JPMorgan Chase & Co.’s holdings in VanEck Gold Miners ETF were worth $253,291,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GDX. Ausdal Financial Partners Inc. lifted its position in VanEck Gold Miners ETF by 2.2% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,341 shares of the exchange traded fund’s stock worth $385,000 after acquiring an additional 249 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in shares of VanEck Gold Miners ETF by 2.8% during the fourth quarter. Centennial Wealth Advisory LLC now owns 10,576 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 288 shares during the period. Bogart Wealth LLC increased its holdings in VanEck Gold Miners ETF by 9.5% in the 4th quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock worth $118,000 after buying an additional 300 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in VanEck Gold Miners ETF by 4.3% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock worth $307,000 after buying an additional 375 shares during the period. Finally, Vontobel Holding Ltd. raised its position in VanEck Gold Miners ETF by 0.5% during the 4th quarter. Vontobel Holding Ltd. now owns 70,026 shares of the exchange traded fund’s stock worth $2,375,000 after buying an additional 377 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

GDX stock opened at $45.57 on Monday. The firm’s fifty day simple moving average is $41.29 and its 200-day simple moving average is $39.28. VanEck Gold Miners ETF has a 12 month low of $31.71 and a 12 month high of $46.94. The company has a market capitalization of $15.10 billion, a P/E ratio of 20.34 and a beta of 0.95.

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.