Blume Capital Management Inc. Has $3.09 Million Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Blume Capital Management Inc. reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 91,012 shares of the exchange traded fund’s stock after selling 480 shares during the quarter. Blume Capital Management Inc.’s holdings in VanEck Gold Miners ETF were worth $3,086,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GDX. Proficio Capital Partners LLC grew its position in VanEck Gold Miners ETF by 1,116.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after buying an additional 1,967,832 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in VanEck Gold Miners ETF during the third quarter worth about $76,065,000. Raymond James Financial Inc. acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth about $64,425,000. Strategic Financial Concepts LLC grew its position in VanEck Gold Miners ETF by 3,704.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after buying an additional 1,771,440 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in VanEck Gold Miners ETF during the third quarter worth about $35,838,000.

VanEck Gold Miners ETF Stock Up 3.1 %

GDX stock opened at $43.21 on Friday. VanEck Gold Miners ETF has a twelve month low of $28.91 and a twelve month high of $44.22. The company has a market cap of $14.54 billion, a PE ratio of 22.76 and a beta of 0.96. The business’s 50-day simple moving average is $39.15 and its 200 day simple moving average is $38.70.

VanEck Gold Miners ETF 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.