Capital Wealth Alliance LLC Trims Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Capital Wealth Alliance LLC decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,879 shares of the exchange traded fund’s stock after selling 1,836 shares during the period. VanEck Gold Miners ETF accounts for 0.8% of Capital Wealth Alliance LLC’s holdings, making the stock its 28th largest position. Capital Wealth Alliance LLC’s holdings in VanEck Gold Miners ETF were worth $1,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in VanEck Gold Miners ETF by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 2,500 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of VanEck Gold Miners ETF by 19.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 403,731 shares of the exchange traded fund’s stock valued at $12,766,000 after acquiring an additional 67,014 shares during the period. Proficio Capital Partners LLC increased its holdings in VanEck Gold Miners ETF by 21.7% in the 1st quarter. Proficio Capital Partners LLC now owns 125,216 shares of the exchange traded fund’s stock valued at $3,959,000 after purchasing an additional 22,329 shares during the last quarter. RIA Advisory Group LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter valued at approximately $1,493,000. Finally, Clarity Capital Partners LLC raised its position in VanEck Gold Miners ETF by 2.9% in the first quarter. Clarity Capital Partners LLC now owns 53,783 shares of the exchange traded fund’s stock valued at $1,701,000 after purchasing an additional 1,520 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of GDX traded up $0.32 during midday trading on Monday, hitting $40.17. 4,284,835 shares of the stock were exchanged, compared to its average volume of 22,296,879. The firm has a market cap of $16.06 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $44.22. The stock has a fifty day simple moving average of $39.95 and a 200 day simple moving average of $37.11.

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.