Wealthfront Advisers LLC Decreases Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Wealthfront Advisers LLC decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.8% in the fourth quarter, Holdings Channel reports. The fund owned 30,500 shares of the exchange traded fund’s stock after selling 5,294 shares during the period. Wealthfront Advisers LLC’s holdings in VanEck Gold Miners ETF were worth $1,034,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock valued at $379,397,000 after acquiring an additional 294,034 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after acquiring an additional 1,967,832 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $76,065,000. Raymond James Financial Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the 4th quarter worth approximately $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of VanEck Gold Miners ETF by 70.5% during 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 buying an additional 760,722 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $43.64 on Friday. The company has a 50 day simple moving average of $39.48 and a 200-day simple moving average of $38.75. The company has a market capitalization of $14.46 billion, a P/E ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a 1 year low of $28.91 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.