SG Americas Securities LLC Cuts Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

SG Americas Securities LLC decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,634 shares of the exchange traded fund’s stock after selling 82,837 shares during the period. SG Americas Securities LLC’s holdings in VanEck Gold Miners ETF were worth $4,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GDX. Insigneo Advisory Services LLC bought a new stake in VanEck Gold Miners ETF in the 2nd quarter worth approximately $480,000. Logan Stone Capital LLC bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $343,000. Sender Co & Partners Inc. boosted its stake in shares of VanEck Gold Miners ETF by 5.0% in the 2nd quarter. Sender Co & Partners Inc. now owns 67,913 shares of the exchange traded fund’s stock valued at $2,304,000 after purchasing an additional 3,240 shares in the last quarter. Rockport Wealth LLC grew its holdings in shares of VanEck Gold Miners ETF by 13.8% during the 2nd quarter. Rockport Wealth LLC now owns 39,808 shares of the exchange traded fund’s stock valued at $1,351,000 after purchasing an additional 4,820 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in VanEck Gold Miners ETF in the 2nd quarter worth $3,718,000.

VanEck Gold Miners ETF Stock Up 1.2 %

NYSEARCA GDX opened at $37.95 on Friday. The company has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average of $37.94. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.