Select Asset Management & Trust Sells 10,000 Shares of VanEck Gold Miners ETF $GDX

Select Asset Management & Trust lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,000 shares of the exchange traded fund’s stock after selling 10,000 shares during the quarter. VanEck Gold Miners ETF makes up about 0.5% of Select Asset Management & Trust’s investment portfolio, making the stock its 22nd largest position. Select Asset Management & Trust’s holdings in VanEck Gold Miners ETF were worth $1,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Constant Guidance Financial LLC bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $1,433,000. Advisory Alpha LLC bought a new stake in shares of VanEck Gold Miners ETF during the third quarter worth $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in VanEck Gold Miners ETF in the third quarter valued at about $848,000. Vestmark Advisory Solutions Inc. bought a new stake in VanEck Gold Miners ETF in the third quarter valued at about $3,649,000. Finally, Oppenheimer & Co. Inc. increased its holdings in VanEck Gold Miners ETF by 25.8% in the third quarter. Oppenheimer & Co. Inc. now owns 87,221 shares of the exchange traded fund’s stock valued at $6,664,000 after purchasing an additional 17,904 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 3.1%

NYSEARCA GDX opened at $86.68 on Tuesday. The stock has a 50-day simple moving average of $91.21 and a 200 day simple moving average of $92.60. The company has a market capitalization of $26.71 billion, a PE ratio of 21.70 and a beta of 0.61. VanEck Gold Miners ETF has a 12 month low of $50.32 and a 12 month high of $117.18.

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.