Bessemer Group Inc. Lowers Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Bessemer Group Inc. lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 44.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,100 shares of the exchange traded fund’s stock after selling 4,110 shares during the quarter. Bessemer Group Inc.’s holdings in VanEck Gold Miners ETF were worth $173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GDX. Roxbury Financial LLC bought a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth $25,000. Eastern Bank bought a new position in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Financial Connections Group Inc. purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at about $25,000. Rothschild Investment LLC increased its holdings 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 purchasing an additional 500 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in shares of VanEck Gold Miners ETF in the fourth quarter worth about $34,000.

VanEck Gold Miners ETF Trading Up 2.7 %

Shares of VanEck Gold Miners ETF stock opened at $51.91 on Thursday. The firm has a market cap of $16.84 billion, a PE ratio of 21.51 and a beta of 0.84. The stock has a 50 day moving average of $43.44 and a 200 day moving average of $39.89. VanEck Gold Miners ETF has a 12 month low of $32.20 and a 12 month high of $52.81.

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.