Main Street Financial Solutions LLC Lowers Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Main Street Financial Solutions LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.4% in the 4th quarter, Holdings Channel reports. The fund owned 115,153 shares of the exchange traded fund’s stock after selling 4,078 shares during the quarter. Main Street Financial Solutions LLC’s holdings in VanEck Gold Miners ETF were worth $3,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its holdings in shares of VanEck Gold Miners ETF by 12.2% during the third quarter. Orion Portfolio Solutions LLC now owns 13,365 shares of the exchange traded fund’s stock worth $532,000 after purchasing an additional 1,455 shares during the period. Westside Investment Management Inc. lifted its stake in shares of VanEck Gold Miners ETF by 64.6% in the 3rd quarter. Westside Investment Management Inc. now owns 10,920 shares of the exchange traded fund’s stock worth $435,000 after acquiring an additional 4,285 shares during the period. Anchor Investment Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 47.8% in the third quarter. Anchor Investment Management LLC now owns 16,540 shares of the exchange traded fund’s stock valued at $659,000 after acquiring an additional 5,350 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new position in shares of VanEck Gold Miners ETF during the third quarter worth about $1,795,000. Finally, Sanctuary Advisors LLC raised its holdings in VanEck Gold Miners ETF by 6.5% during the third quarter. Sanctuary Advisors LLC now owns 88,405 shares of the exchange traded fund’s stock worth $3,384,000 after purchasing an additional 5,399 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 1.0 %

NYSEARCA GDX opened at $50.53 on Wednesday. The business’s 50 day moving average is $43.21 and its two-hundred day moving average is $39.80. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84. VanEck Gold Miners ETF has a 12-month low of $32.20 and a 12-month high of $52.64.

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.