VanEck Gold Miners ETF $GDX Stake Lowered by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.9% during the first quarter, Holdings Channel reports. The firm owned 37,334 shares of the exchange traded fund’s stock after selling 7,058 shares during the period. Sigma Planning Corp’s holdings in VanEck Gold Miners ETF were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GDX. Conservest Capital Advisors Inc. boosted its position in VanEck Gold Miners ETF by 4.1% during the 1st quarter. Conservest Capital Advisors Inc. now owns 3,126 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 123 shares during the period. Retirement Planning Group LLC acquired a new stake in VanEck Gold Miners ETF in the first quarter worth $379,000. HBW Advisory Services LLC increased its position in VanEck Gold Miners ETF by 99.2% in the first quarter. HBW Advisory Services LLC now owns 13,811 shares of the exchange traded fund’s stock worth $1,267,000 after buying an additional 6,878 shares during the period. NWF Advisory Services Inc. bought a new stake in VanEck Gold Miners ETF in the first quarter valued at $201,000. Finally, Principal Financial Group Inc. lifted its stake in VanEck Gold Miners ETF by 590.1% in the first quarter. Principal Financial Group Inc. now owns 52,952 shares of the exchange traded fund’s stock valued at $4,859,000 after buying an additional 45,279 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $74.00 on Thursday. VanEck Gold Miners ETF has a 1 year low of $50.44 and a 1 year high of $117.18. The company has a market cap of $22.59 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The firm has a fifty day moving average of $82.56 and a 200-day moving average of $91.88.

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.