Sapient Capital LLC Reduces Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Sapient Capital LLC lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 51,293 shares of the exchange traded fund’s stock after selling 980 shares during the quarter. Sapient Capital LLC’s holdings in VanEck Gold Miners ETF were worth $1,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new position in VanEck Gold Miners ETF in the fourth quarter worth $25,000. Aptus Capital Advisors LLC raised its holdings in VanEck Gold Miners ETF by 53.0% in the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 329 shares in the last quarter. ORG Wealth Partners LLC bought a new position in VanEck Gold Miners ETF in the third quarter worth $49,000. St. Johns Investment Management Company LLC bought a new position in VanEck Gold Miners ETF in the third quarter worth $49,000. Finally, Laurel Wealth Advisors LLC raised its holdings in VanEck Gold Miners ETF by 2,586.2% in the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Trading Down 1.2 %

NYSEARCA GDX opened at $41.44 on Wednesday. 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 $16.57 billion, a P/E ratio of 28.03 and a beta of 0.85. The stock’s fifty day moving average price is $36.91 and its 200-day moving average price is $38.14.

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.