Capital Investment Advisory Services LLC Sells 2,821 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Capital Investment Advisory Services LLC decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,625 shares of the exchange traded fund’s stock after selling 2,821 shares during the period. Capital Investment Advisory Services LLC’s holdings in VanEck Gold Miners ETF were worth $454,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GDX. Morgan Stanley lifted its stake in VanEck Gold Miners ETF by 4.3% in the 3rd 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in VanEck Gold Miners ETF by 25.4% in the 3rd 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 during the last quarter. Rafferty Asset Management LLC lifted its stake in VanEck Gold Miners ETF by 6.5% in the 3rd 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 during the last quarter. Toronto Dominion Bank lifted its stake in VanEck Gold Miners ETF by 31.5% in the 3rd 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 during the last quarter. Finally, Desjardins Global Asset Management Inc. lifted 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 worth $63,204,000 after acquiring an additional 1,785,137 shares during the last quarter.

VanEck Gold Miners ETF Stock Up 1.6 %

Shares of GDX stock opened at $33.05 on Wednesday. The firm has a 50 day moving average price of $30.20 and a two-hundred day moving average price of $29.53. The company has a market capitalization of $13.82 billion, a PE ratio of 28.20 and a beta of 0.81. VanEck Gold Miners ETF has a 12-month low of $25.62 and a 12-month high of $36.26.

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.