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

Guild Investment Management Inc. decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,867 shares of the exchange traded fund’s stock after selling 15,316 shares during the period. VanEck Gold Miners ETF makes up approximately 2.0% of Guild Investment Management Inc.’s investment portfolio, making the stock its 21st largest holding. Guild Investment Management Inc.’s holdings in VanEck Gold Miners ETF were worth $1,827,000 as of its most recent SEC filing.

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

VanEck Gold Miners ETF Stock Up 3.3 %

Shares of GDX opened at $41.84 on Wednesday. The company has a market cap of $14.07 billion, a P/E ratio of 22.76 and a beta of 0.96. The firm’s 50 day moving average price is $38.99 and its 200 day moving average price is $38.67. 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.