Parker Investment Management LLC Sells 639,000 Shares of VanEck Gold Miners ETF $GDX

Parker Investment Management LLC lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 92.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,839 shares of the exchange traded fund’s stock after selling 639,000 shares during the quarter. VanEck Gold Miners ETF comprises 0.6% of Parker Investment Management LLC’s investment portfolio, making the stock its 15th largest position. Parker Investment Management LLC’s holdings in VanEck Gold Miners ETF were worth $4,360,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Delta Asset Management LLC TN boosted its position in shares of VanEck Gold Miners ETF by 9.1% during the 4th quarter. Delta Asset Management LLC TN now owns 1,203 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 100 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 0.8% during the 4th 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 raised its holdings in shares of VanEck Gold Miners ETF by 2.7% during the 4th 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. O Shaughnessy Asset Management LLC raised its holdings in shares of VanEck Gold Miners ETF by 5.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,451 shares of the exchange traded fund’s stock valued at $210,000 after buying an additional 117 shares in the last quarter. Finally, Vivaldi Capital Management LP raised its holdings in shares of VanEck Gold Miners ETF by 1.4% during the 4th quarter. Vivaldi Capital Management LP now owns 8,981 shares of the exchange traded fund’s stock valued at $770,000 after buying an additional 125 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $80.03 on Monday. The business’s 50 day simple moving average is $90.23 and its two-hundred day simple moving average is $92.90. The stock has a market capitalization of $24.66 billion, a P/E ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a one year low of $50.32 and a one year high of $117.18.

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.