VanEck Gold Miners ETF (NYSEARCA:GDX) is GLOBALT Investments LLC GA’s 7th Largest Position

GLOBALT Investments LLC GA lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,770,092 shares of the exchange traded fund’s stock after selling 77,633 shares during the quarter. VanEck Gold Miners ETF makes up 2.6% of GLOBALT Investments LLC GA’s holdings, making the stock its 7th biggest position. GLOBALT Investments LLC GA owned about 0.44% of VanEck Gold Miners ETF worth $70,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Centennial Wealth Advisory LLC raised its stake in VanEck Gold Miners ETF by 2.7% during the third quarter. Centennial Wealth Advisory LLC now owns 10,288 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 267 shares during the period. Morton Capital Management LLC CA increased its holdings in VanEck Gold Miners ETF by 0.3% in the second quarter. Morton Capital Management LLC CA now owns 88,622 shares of the exchange traded fund’s stock valued at $3,007,000 after buying an additional 287 shares during the last quarter. Mather Group LLC. increased its holdings in VanEck Gold Miners ETF by 21.3% in the second quarter. Mather Group LLC. now owns 1,638 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 288 shares during the last quarter. Summit Wealth Partners LLC grew its holdings in shares of VanEck Gold Miners ETF by 3.6% during the third quarter. Summit Wealth Partners LLC now owns 8,621 shares of the exchange traded fund’s stock worth $343,000 after purchasing an additional 298 shares during the last quarter. Finally, Citizens National Bank Trust Department grew its holdings in shares of VanEck Gold Miners ETF by 4.8% during the third quarter. Citizens National Bank Trust Department now owns 6,696 shares of the exchange traded fund’s stock worth $267,000 after purchasing an additional 308 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $35.51 on Monday. The stock’s 50-day moving average is $39.87 and its two-hundred day moving average is $37.42. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year high of $44.22.

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.