VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 60.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,035 shares of the exchange traded fund’s stock after selling 15,658 shares during the period. Arete Wealth Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $397,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Strait & Sound Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 87.4% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 14,762 shares of the exchange traded fund’s stock valued at $588,000 after acquiring an additional 6,883 shares during the last quarter. Menlo Advisors LLC grew its position in shares of VanEck Gold Miners ETF by 1.5% in the third quarter. Menlo Advisors LLC now owns 239,215 shares of the exchange traded fund’s stock valued at $9,525,000 after purchasing an additional 3,600 shares during the period. Executive Wealth Management LLC purchased a new position in VanEck Gold Miners ETF during the third quarter worth about $207,000. Duff & Phelps Investment Management Co. boosted its stake in VanEck Gold Miners ETF by 12.8% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 22,100 shares of the exchange traded fund’s stock worth $880,000 after buying an additional 2,500 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in VanEck Gold Miners ETF by 3.8% in the 3rd quarter. MML Investors Services LLC now owns 68,053 shares of the exchange traded fund’s stock valued at $2,710,000 after buying an additional 2,515 shares during the period.

VanEck Gold Miners ETF Stock Up 0.6 %

Shares of GDX stock opened at $37.66 on Friday. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm’s 50 day moving average price is $39.66 and its two-hundred day moving average price is $37.59. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.