Guild Investment Management Inc. Trims Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Guild Investment Management Inc. cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,867 shares of the exchange traded fund’s stock after selling 15,316 shares during the quarter. VanEck Gold Miners ETF comprises about 2.0% of Guild Investment Management Inc.’s holdings, making the stock its 21st biggest holding. Guild Investment Management Inc.’s holdings in VanEck Gold Miners ETF were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Roxbury Financial LLC bought a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $25,000. Eastern Bank purchased a new position in VanEck Gold Miners ETF in the fourth quarter worth about $25,000. Financial Connections Group Inc. bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Aptus Capital Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 53.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in VanEck Gold Miners ETF by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 500 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $41.84 on Wednesday. The firm’s fifty day moving average is $38.99 and its 200 day moving average is $38.67. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 22.76 and a beta of 0.96. VanEck Gold Miners ETF has a fifty-two week low of $28.91 and a fifty-two week high of $44.22.

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.