Capital Wealth Alliance LLC Decreases Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Capital Wealth Alliance LLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,879 shares of the exchange traded fund’s stock after selling 1,836 shares during the quarter. VanEck Gold Miners ETF accounts for about 0.8% of Capital Wealth Alliance LLC’s portfolio, making the stock its 28th largest position. Capital Wealth Alliance LLC’s holdings in VanEck Gold Miners ETF were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GDX. Mirae Asset Global Investments Co. Ltd. grew its position in VanEck Gold Miners ETF by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock worth $1,391,000 after acquiring an additional 2,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of VanEck Gold Miners ETF by 19.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 403,731 shares of the exchange traded fund’s stock worth $12,766,000 after purchasing an additional 67,014 shares during the period. Proficio Capital Partners LLC increased its position in shares of VanEck Gold Miners ETF by 21.7% during the 1st quarter. Proficio Capital Partners LLC now owns 125,216 shares of the exchange traded fund’s stock valued at $3,959,000 after purchasing an additional 22,329 shares during the last quarter. RIA Advisory Group LLC purchased a new stake in VanEck Gold Miners ETF during the 1st quarter valued at $1,493,000. Finally, Clarity Capital Partners LLC lifted its position in VanEck Gold Miners ETF by 2.9% in the first quarter. Clarity Capital Partners LLC now owns 53,783 shares of the exchange traded fund’s stock worth $1,701,000 after buying an additional 1,520 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX traded up $0.32 on Monday, hitting $40.17. 4,284,835 shares of the stock were exchanged, compared to its average volume of 22,296,879. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The firm has a market capitalization of $16.06 billion, a P/E ratio of 28.03 and a beta of 0.85. The stock has a fifty day moving average price of $39.95 and a two-hundred day moving average price of $37.11.

About VanEck Gold Miners ETF

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.