Cherry Tree Wealth Management LLC Has $439,000 Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cherry Tree Wealth Management LLC lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,168 shares of the exchange traded fund’s stock after selling 1,500 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in VanEck Gold Miners ETF by 4.3% during the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock valued at $297,994,000 after purchasing an additional 460,687 shares in the last quarter. JPMorgan Chase & Co. grew its position in VanEck Gold Miners ETF by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after purchasing an additional 1,920,723 shares in the last quarter. Rafferty Asset Management LLC grew its position in VanEck Gold Miners ETF by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock valued at $218,190,000 after purchasing an additional 493,627 shares in the last quarter. Toronto Dominion Bank grew its position in VanEck Gold Miners ETF by 31.5% during the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after purchasing an additional 738,786 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. grew its position in VanEck Gold Miners ETF by 705.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after purchasing an additional 1,785,137 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

GDX traded down $0.01 on Wednesday, reaching $34.16. 16,466,844 shares of the company traded hands, compared to its average volume of 25,924,805. The stock’s 50 day moving average price is $31.67 and its 200-day moving average price is $29.89. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $35.74. The company has a market cap of $13.66 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.