Blume Capital Management Inc. Reduces Position in VanEck Gold Miners ETF $GDX

Blume Capital Management Inc. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,587 shares of the exchange traded fund’s stock after selling 8,760 shares during the quarter. Blume Capital Management Inc.’s holdings in VanEck Gold Miners ETF were worth $6,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Clear Creek Financial Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 0.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 13,657 shares of the exchange traded fund’s stock valued at $1,171,000 after buying an additional 112 shares in the last quarter. KFA Private Wealth Group LLC lifted its stake in shares of VanEck Gold Miners ETF by 2.7% during the 4th quarter. KFA Private Wealth Group LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 117 shares in the last quarter. Wakefield Asset Management LLLP lifted its stake in shares of VanEck Gold Miners ETF by 0.4% during the 4th quarter. Wakefield Asset Management LLLP now owns 34,675 shares of the exchange traded fund’s stock valued at $2,974,000 after buying an additional 129 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 11.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 1,230 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 130 shares in the last quarter. Finally, LifeGoal Investments LLC lifted its stake in shares of VanEck Gold Miners ETF by 3.6% during the 4th quarter. LifeGoal Investments LLC now owns 4,765 shares of the exchange traded fund’s stock valued at $409,000 after buying an additional 164 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $87.35 on Monday. VanEck Gold Miners ETF has a fifty-two week low of $45.24 and a fifty-two week high of $117.18. The firm’s fifty day moving average is $93.44 and its 200 day moving average is $91.49. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61.

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.