Harbour Investments Inc. Lowers Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Harbour Investments Inc. decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 205,941 shares of the exchange traded fund’s stock after selling 5,443 shares during the period. Harbour Investments Inc.’s holdings in VanEck Gold Miners ETF were worth $8,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDX. Apollon Wealth Management LLC boosted its position in shares of VanEck Gold Miners ETF by 22.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 44,093 shares of the exchange traded fund’s stock valued at $1,756,000 after acquiring an additional 8,228 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in VanEck Gold Miners ETF by 17.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 65,010 shares of the exchange traded fund’s stock valued at $2,589,000 after purchasing an additional 9,656 shares in the last quarter. Tyler Stone Wealth Management lifted its position in VanEck Gold Miners ETF by 100.5% during the third quarter. Tyler Stone Wealth Management now owns 40,457 shares of the exchange traded fund’s stock valued at $1,611,000 after purchasing an additional 20,276 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in VanEck Gold Miners ETF by 3.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 131,666 shares of the exchange traded fund’s stock worth $5,243,000 after buying an additional 4,692 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of VanEck Gold Miners ETF by 19.5% in the 3rd quarter. Proficio Capital Partners LLC now owns 176,276 shares of the exchange traded fund’s stock worth $7,019,000 after buying an additional 28,780 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $36.73 on Tuesday. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The company has a fifty day moving average of $39.97 and a 200-day moving average of $37.37. The company has a market capitalization of $14.68 billion, a P/E ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.