Level Four Advisory Services LLC Has $3.90 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Level Four Advisory Services LLC lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 14.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 114,873 shares of the exchange traded fund’s stock after selling 19,737 shares during the quarter. Level Four Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $3,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. increased its stake in shares of VanEck Gold Miners ETF by 5.5% in the fourth quarter. Atomi Financial Group Inc. now owns 8,804 shares of the exchange traded fund’s stock worth $299,000 after acquiring an additional 462 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in VanEck Gold Miners ETF by 12.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,500 shares of the exchange traded fund’s stock valued at $390,000 after purchasing an additional 1,301 shares in the last quarter. Tandem Financial LLC acquired a new position in VanEck Gold Miners ETF in the 4th quarter worth about $7,621,000. Van ECK Associates Corp raised its stake in shares of VanEck Gold Miners ETF by 22.6% during the 4th quarter. Van ECK Associates Corp now owns 39,147 shares of the exchange traded fund’s stock worth $1,327,000 after purchasing an additional 7,212 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of VanEck Gold Miners ETF by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,000 shares of the exchange traded fund’s stock valued at $1,385,000 after buying an additional 8,500 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $45.57 on Friday. The company has a market capitalization of $15.10 billion, a P/E ratio of 20.34 and a beta of 0.95. The stock’s 50 day moving average price is $41.29 and its 200 day moving average price is $39.25. VanEck Gold Miners ETF has a 52 week low of $31.71 and a 52 week high of $46.94.

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.