LPL Financial LLC Sells 447,537 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

LPL Financial LLC reduced its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 11.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,513,466 shares of the exchange traded fund’s stock after selling 447,537 shares during the quarter. LPL Financial LLC’s holdings in VanEck Gold Miners ETF were worth $119,142,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GDX. Millstone Evans Group LLC purchased a new stake in VanEck Gold Miners ETF in the fourth quarter worth $34,000. Comprehensive Wealth Management LLC lifted its holdings in VanEck Gold Miners ETF by 84.8% during the 4th quarter. Comprehensive Wealth Management LLC now owns 34,139 shares of the exchange traded fund’s stock valued at $1,158,000 after buying an additional 15,662 shares in the last quarter. Kiker Wealth Management LLC purchased a new stake in VanEck Gold Miners ETF in the 4th quarter valued at about $473,000. DCF Advisers LLC grew its stake in VanEck Gold Miners ETF by 32.0% in the 4th quarter. DCF Advisers LLC now owns 82,500 shares of the exchange traded fund’s stock worth $2,798,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Berkeley Capital Partners LLC increased its position in shares of VanEck Gold Miners ETF by 1.1% during the fourth quarter. Berkeley Capital Partners LLC now owns 158,590 shares of the exchange traded fund’s stock worth $5,378,000 after acquiring an additional 1,702 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $44.25 on Tuesday. VanEck Gold Miners ETF has a 52-week low of $29.82 and a 52-week high of $45.65. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 20.34 and a beta of 0.95. The stock has a 50 day moving average price of $40.60 and a 200 day moving average price of $39.04.

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.