Rhodes Investment Advisors Inc. ADV lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 32.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,745 shares of the exchange traded fund’s stock after selling 20,675 shares during the period. VanEck Gold Miners ETF comprises 2.7% of Rhodes Investment Advisors Inc. ADV’s portfolio, making the stock its 5th largest holding. Rhodes Investment Advisors Inc. ADV’s holdings in VanEck Gold Miners ETF were worth $3,841,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Avalon Trust Co purchased a new position in VanEck Gold Miners ETF in the 1st quarter worth approximately $26,000. Bayban bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth $27,000. Princeton Global Asset Management LLC bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter worth $27,000. Hickory Point Bank & Trust purchased a new position in shares of VanEck Gold Miners ETF in the third quarter worth $30,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of VanEck Gold Miners ETF in the first quarter worth $33,000.
VanEck Gold Miners ETF Price Performance
Shares of VanEck Gold Miners ETF stock traded down $2.76 during trading on Wednesday, hitting $85.46. 20,803,857 shares of the company’s stock traded hands, compared to its average volume of 24,580,055. VanEck Gold Miners ETF has a 1 year low of $68.13 and a 1 year high of $117.18. The business has a 50-day simple moving average of $92.43 and a 200-day simple moving average of $87.67. The stock has a market capitalization of $25.56 billion, a P/E ratio of 21.70 and a beta of 0.68.
About VanEck Gold Miners ETF
The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.
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