VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,743 shares of the exchange traded fund’s stock after selling 2,868 shares during the quarter. VanEck Gold Miners ETF accounts for 0.7% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Lowe Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $1,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of VanEck Gold Miners ETF by 55.8% in the third quarter. CWM LLC now owns 18,692 shares of the exchange traded fund’s stock valued at $744,000 after acquiring an additional 6,694 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in VanEck Gold Miners ETF during the 3rd quarter worth about $438,000. SMART Wealth LLC raised its position in VanEck Gold Miners ETF by 2.0% in the 3rd quarter. SMART Wealth LLC now owns 28,658 shares of the exchange traded fund’s stock valued at $1,141,000 after purchasing an additional 572 shares in the last quarter. Verus Capital Partners LLC boosted its stake in shares of VanEck Gold Miners ETF by 2.0% in the 3rd quarter. Verus Capital Partners LLC now owns 19,343 shares of the exchange traded fund’s stock valued at $770,000 after buying an additional 382 shares during the period. Finally, Magnus Financial Group LLC grew its position in shares of VanEck Gold Miners ETF by 22.0% during the third quarter. Magnus Financial Group LLC now owns 12,342 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 2,225 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock traded up $0.07 during trading hours on Friday, reaching $35.97. 19,259,737 shares of the stock were exchanged, compared to its average volume of 18,429,232. The business’s fifty day moving average is $36.60 and its two-hundred day moving average is $37.78. The firm has a market capitalization of $14.38 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22.

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.