VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Sandy Spring Bank

Sandy Spring Bank trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 24.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,136 shares of the exchange traded fund’s stock after selling 360 shares during the quarter. Sandy Spring Bank’s holdings in VanEck Gold Miners ETF were worth $39,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in VanEck Gold Miners ETF by 54.5% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 62,315 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 21,985 shares in the last quarter. Cadence Wealth Management LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter valued at about $19,267,000. Clearwater Capital Advisors LLC raised its holdings in VanEck Gold Miners ETF by 2.1% during the fourth quarter. Clearwater Capital Advisors LLC now owns 553,183 shares of the exchange traded fund’s stock valued at $18,758,000 after buying an additional 11,431 shares in the last quarter. Rockport Wealth LLC raised its holdings in VanEck Gold Miners ETF by 27.0% during the fourth quarter. Rockport Wealth LLC now owns 55,889 shares of the exchange traded fund’s stock valued at $2,037,000 after buying an additional 11,885 shares in the last quarter. Finally, GLOBALT Investments LLC GA raised its holdings in VanEck Gold Miners ETF by 1.4% during the fourth quarter. GLOBALT Investments LLC GA now owns 1,795,153 shares of the exchange traded fund’s stock valued at $60,874,000 after buying an additional 25,061 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $44.50 on Friday. The company has a market cap of $14.75 billion, a P/E ratio of 20.34 and a beta of 0.95. The stock’s 50-day moving average is $40.42 and its 200-day moving average is $38.98. VanEck Gold Miners ETF has a 52-week low of $29.82 and a 52-week high of $45.65.

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.