VanEck Gold Miners ETF $GDX Position Reduced by Leuthold Group LLC

Leuthold Group LLC trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,485 shares of the exchange traded fund’s stock after selling 10,975 shares during the period. Leuthold Group LLC’s holdings in VanEck Gold Miners ETF were worth $2,482,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tradewinds LLC. acquired a new stake in VanEck Gold Miners ETF in the 3rd quarter valued at about $1,568,000. Ethos Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth approximately $309,000. Trek Financial LLC lifted its stake in VanEck Gold Miners ETF by 43.4% during the third quarter. Trek Financial LLC now owns 34,645 shares of the exchange traded fund’s stock valued at $2,647,000 after purchasing an additional 10,488 shares during the last quarter. Brookwood Investment Group LLC lifted its stake in VanEck Gold Miners ETF by 46.3% during the third quarter. Brookwood Investment Group LLC now owns 20,445 shares of the exchange traded fund’s stock valued at $1,562,000 after purchasing an additional 6,472 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in VanEck Gold Miners ETF during the second quarter worth approximately $10,277,000.

VanEck Gold Miners ETF Stock Performance

VanEck Gold Miners ETF stock opened at $98.28 on Friday. The firm has a market cap of $29.99 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $38.58 and a 1 year high of $113.50. The firm’s 50 day moving average price is $93.65 and its two-hundred day moving average price is $78.10.

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.