DORCHESTER WEALTH MANAGEMENT Co Decreases Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

DORCHESTER WEALTH MANAGEMENT Co decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 157,515 shares of the exchange traded fund’s stock after selling 1,660 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in VanEck Gold Miners ETF were worth $5,341,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GDX. Eastern Bank bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at 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. Roxbury Financial LLC bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $25,000. Aptus Capital Advisors LLC grew its stake in shares of VanEck Gold Miners ETF by 53.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares during the period. Finally, St. Johns Investment Management Company LLC bought a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at about $49,000.

VanEck Gold Miners ETF Trading Down 3.4 %

Shares of NYSEARCA:GDX opened at $40.80 on Friday. The stock has a 50 day moving average of $37.54 and a 200 day moving average of $38.41. The company has a market cap of $16.31 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month 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.