VanEck Gold Miners ETF $GDX Shares Sold by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 596,466 shares of the exchange traded fund’s stock after selling 53,810 shares during the period. VanEck Gold Miners ETF accounts for approximately 2.1% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 15th biggest holding. Staley Capital Advisers Inc. owned about 0.20% of VanEck Gold Miners ETF worth $51,159,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Rafferty Asset Management LLC boosted its holdings in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares during the last quarter. M&T Bank Corp boosted its holdings in VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in VanEck Gold Miners ETF by 2.4% in the third quarter. Ameriprise Financial Inc. now owns 1,076,826 shares of the exchange traded fund’s stock valued at $82,336,000 after purchasing an additional 25,688 shares during the last quarter. Ion Asset Management Ltd. boosted its holdings in VanEck Gold Miners ETF by 0.5% in the second quarter. Ion Asset Management Ltd. now owns 978,970 shares of the exchange traded fund’s stock valued at $50,965,000 after purchasing an additional 4,420 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in VanEck Gold Miners ETF in the third quarter valued at $70,231,000.

VanEck Gold Miners ETF Stock Down 7.0%

GDX stock opened at $87.35 on Friday. The company’s 50-day simple moving average is $93.44 and its 200-day simple moving average is $91.34. VanEck Gold Miners ETF has a 52-week low of $45.24 and a 52-week high of $117.18. The firm has a market cap of $26.91 billion, a P/E ratio of 21.70 and a beta of 0.61.

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.