Ballew Advisors Inc Trims Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Ballew Advisors Inc reduced its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 98,544 shares of the exchange traded fund’s stock after selling 9,418 shares during the quarter. VanEck Gold Miners ETF comprises about 2.1% of Ballew Advisors Inc’s investment portfolio, making the stock its 10th largest position. Ballew Advisors Inc’s holdings in VanEck Gold Miners ETF were worth $2,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GDX. Raymond James Trust N.A. raised its stake in VanEck Gold Miners ETF by 7.5% during the 1st quarter. Raymond James Trust N.A. now owns 12,539 shares of the exchange traded fund’s stock worth $481,000 after buying an additional 875 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $59,000. Covestor Ltd grew its position in shares of VanEck Gold Miners ETF by 21,728.6% in the 1st quarter. Covestor Ltd now owns 1,528 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 1,521 shares during the period. Mather Group LLC. bought a new stake in VanEck Gold Miners ETF during the 1st quarter worth approximately $591,000. Finally, NewEdge Advisors LLC raised its holdings in VanEck Gold Miners ETF by 277.7% during the 1st quarter. NewEdge Advisors LLC now owns 115,063 shares of the exchange traded fund’s stock worth $4,414,000 after buying an additional 84,596 shares during the period.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock traded up $0.66 on Thursday, hitting $31.62. The company had a trading volume of 28,705,224 shares, compared to its average volume of 24,494,061. VanEck Gold Miners ETF has a twelve month low of $25.62 and a twelve month high of $36.26. The stock has a 50-day moving average of $28.21 and a 200-day moving average of $28.85. The firm has a market capitalization of $12.66 billion, a P/E ratio of 15.72 and a beta of 0.77.

About VanEck Gold Miners ETF

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.