Oxbow Advisors LLC Sells 28,995 Shares of VanEck Gold Miners ETF $GDX

Oxbow Advisors LLC decreased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,358 shares of the exchange traded fund’s stock after selling 28,995 shares during the quarter. Oxbow Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $4,920,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GDX. Flagship Private Wealth LLC lifted its stake in shares of VanEck Gold Miners ETF by 13.1% during the fourth quarter. Flagship Private Wealth LLC now owns 3,458 shares of the exchange traded fund’s stock valued at $297,000 after acquiring an additional 400 shares during the period. NewEdge Wealth LLC increased its position in VanEck Gold Miners ETF by 2.9% in the fourth quarter. NewEdge Wealth LLC now owns 89,388 shares of the exchange traded fund’s stock worth $7,667,000 after purchasing an additional 2,532 shares during the period. Wesbanco Bank Inc. increased its position in VanEck Gold Miners ETF by 3.6% in the fourth quarter. Wesbanco Bank Inc. now owns 9,052 shares of the exchange traded fund’s stock worth $776,000 after purchasing an additional 318 shares during the period. International Assets Investment Management LLC bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth about $242,000. Finally, Geneva Partners LLC lifted its position in VanEck Gold Miners ETF by 2.4% during the 4th quarter. Geneva Partners LLC now owns 22,534 shares of the exchange traded fund’s stock valued at $1,933,000 after purchasing an additional 534 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $94.59 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $45.10 and a fifty-two week high of $117.18. The firm has a market capitalization of $29.14 billion, a P/E ratio of 21.70 and a beta of 0.61. The company’s 50 day simple moving average is $95.45 and its 200 day simple moving average is $90.62.

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.