Hanson & Doremus Investment Management Sells 11,115 Shares of VanEck Gold Miners ETF $GDX

Hanson & Doremus Investment Management lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 29.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,144 shares of the exchange traded fund’s stock after selling 11,115 shares during the period. Hanson & Doremus Investment Management’s holdings in VanEck Gold Miners ETF were worth $2,242,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GDX. AQR Capital Management LLC boosted its stake in VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after buying an additional 12,408 shares during the period. Hsbc Holdings PLC raised its stake in shares of VanEck Gold Miners ETF by 144.6% in the second quarter. Hsbc Holdings PLC now owns 40,320 shares of the exchange traded fund’s stock valued at $2,099,000 after acquiring an additional 130,765 shares during the period. Invesco Ltd. bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $31,236,000. EverSource Wealth Advisors LLC lifted its holdings in shares of VanEck Gold Miners ETF by 9.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 30,644 shares of the exchange traded fund’s stock worth $1,595,000 after acquiring an additional 2,735 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth about $201,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA:GDX opened at $94.59 on Friday. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 12 month low of $40.26 and a 12 month high of $117.18. The firm’s 50-day moving average is $99.17 and its 200 day moving average is $87.56.

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.