Uniting Wealth Partners LLC Reduces Stake in VanEck Gold Miners ETF $GDX

Uniting Wealth Partners LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,205 shares of the exchange traded fund’s stock after selling 8,605 shares during the quarter. VanEck Gold Miners ETF comprises approximately 1.6% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 12th largest holding. Uniting Wealth Partners LLC’s holdings in VanEck Gold Miners ETF were worth $6,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GDX. Berkshire Asset Management LLC PA purchased a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at $251,000. Ameritas Advisory Services LLC lifted its position in VanEck Gold Miners ETF by 12.8% during the third quarter. Ameritas Advisory Services LLC now owns 19,577 shares of the exchange traded fund’s stock valued at $1,496,000 after purchasing an additional 2,225 shares during the period. CENTRAL TRUST Co lifted its position in VanEck Gold Miners ETF by 29.1% during the third quarter. CENTRAL TRUST Co now owns 17,638 shares of the exchange traded fund’s stock valued at $1,348,000 after purchasing an additional 3,971 shares during the period. Freemont Management S.A. boosted its holdings in VanEck Gold Miners ETF by 33.3% in the third quarter. Freemont Management S.A. now owns 120,000 shares of the exchange traded fund’s stock valued at $9,168,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Assetmark Inc. grew its position in VanEck Gold Miners ETF by 128.5% during the 3rd quarter. Assetmark Inc. now owns 2,212 shares of the exchange traded fund’s stock worth $169,000 after purchasing an additional 1,244 shares during the period.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX opened at $103.94 on Friday. The firm has a market capitalization of $31.72 billion, a P/E ratio of 21.70 and a beta of 0.55. The stock has a 50-day simple moving average of $94.10 and a two-hundred day simple moving average of $78.63. VanEck Gold Miners ETF has a fifty-two week low of $38.58 and a fifty-two week high of $113.50.

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.