Sumitomo Mitsui Financial Group Inc. Sells 1,413 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Sumitomo Mitsui Financial Group Inc. lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,121 shares of the exchange traded fund’s stock after selling 1,413 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in VanEck Gold Miners ETF were worth $614,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Ausdal Financial Partners Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 2.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,341 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 249 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in VanEck Gold Miners ETF by 2.8% in the 4th quarter. Centennial Wealth Advisory LLC now owns 10,576 shares of the exchange traded fund’s stock worth $359,000 after buying an additional 288 shares during the period. Bogart Wealth LLC grew its position in shares of VanEck Gold Miners ETF by 9.5% in the 4th quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock worth $118,000 after buying an additional 300 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in shares of VanEck Gold Miners ETF by 4.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock valued at $307,000 after buying an additional 375 shares during the period. Finally, Vontobel Holding Ltd. raised its holdings in shares of VanEck Gold Miners ETF by 0.5% during the fourth quarter. Vontobel Holding Ltd. now owns 70,026 shares of the exchange traded fund’s stock valued at $2,375,000 after acquiring an additional 377 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 8.8 %

Shares of GDX stock opened at $41.68 on Monday. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 21.51 and a beta of 0.84. The stock has a fifty day moving average of $42.04 and a 200 day moving average of $39.47. VanEck Gold Miners ETF has a 52 week low of $32.20 and a 52 week high of $46.94.

VanEck Gold Miners ETF Company 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.