CMC Financial Group Sells 69,836 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

CMC Financial Group lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 47.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,427 shares of the exchange traded fund’s stock after selling 69,836 shares during the period. VanEck Gold Miners ETF accounts for 5.7% of CMC Financial Group’s portfolio, making the stock its 4th largest holding. CMC Financial Group’s holdings in VanEck Gold Miners ETF were worth $2,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Roxbury Financial LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $25,000. Eastern Bank acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $25,000. Financial Connections Group Inc. acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $25,000. Rothschild Investment LLC grew its stake in shares of VanEck Gold Miners ETF by 100.0% in the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth $34,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX stock opened at $44.50 on Monday. The stock has a market cap of $14.75 billion, a P/E ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a one year low of $29.82 and a one year high of $45.65. The stock has a fifty day moving average price of $40.42 and a 200 day moving average price of $39.00.

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.