VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Ballew Advisors Inc

Ballew Advisors Inc cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 34.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,459 shares of the exchange traded fund’s stock after selling 29,555 shares during the period. VanEck Gold Miners ETF comprises approximately 1.5% of Ballew Advisors Inc’s investment portfolio, making the stock its 16th biggest holding. Ballew Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $2,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. Beacon Capital Management LLC increased its holdings in VanEck Gold Miners ETF by 202.4% in the second quarter. Beacon Capital Management LLC now owns 747 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in VanEck Gold Miners ETF in the first quarter valued at $27,000. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF in the first quarter valued at $28,000. Cedar Wealth Management LLC increased its holdings in VanEck Gold Miners ETF by 63.4% in the second quarter. Cedar Wealth Management LLC now owns 874 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 95.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,175 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 575 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.5 %

GDX stock opened at $40.05 on Friday. The stock has a market capitalization of $16.01 billion, a P/E ratio of 28.03 and a beta of 0.85. The firm has a 50-day simple moving average of $38.65 and a 200-day simple moving average of $36.20. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $41.95.

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.