VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Holdings Lessened by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 232,440 shares of the exchange traded fund’s stock after selling 11,221 shares during the period. VanEck Gold Miners ETF comprises approximately 1.0% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 19th largest holding. Pekin Hardy Strauss Inc.’s holdings in VanEck Gold Miners ETF were worth $7,882,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $76,065,000. Strategic Financial Concepts LLC increased its holdings in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after acquiring an additional 1,771,440 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $35,838,000. Panview Capital Ltd acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth about $28,427,000. Finally, Fiduciary Family Office LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth about $25,807,000.

VanEck Gold Miners ETF Stock Down 3.4 %

GDX stock opened at $40.80 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm’s 50-day simple moving average is $37.54 and its 200 day simple moving average is $38.41. The stock has a market cap of $16.31 billion, a PE ratio of 28.03 and a beta of 0.85.

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.