Magnus Financial Group LLC Sells 2,356 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Magnus Financial Group LLC decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,986 shares of the exchange traded fund’s stock after selling 2,356 shares during the period. Magnus Financial Group LLC’s holdings in VanEck Gold Miners ETF were worth $339,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in VanEck Gold Miners ETF during the third quarter valued at $76,065,000. Carrhae Capital LLP bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $43,073,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $35,838,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of VanEck Gold Miners ETF by 70.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after purchasing an additional 760,722 shares during the period. Finally, BFI Infinity Ltd. purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth approximately $13,375,000.

VanEck Gold Miners ETF Trading Down 0.2 %

Shares of GDX stock opened at $37.53 on Thursday. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The stock has a market cap of $15.00 billion, a P/E ratio of 28.03 and a beta of 0.85. The company has a 50 day simple moving average of $36.29 and a two-hundred day simple moving average of $37.94.

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.