VanEck Gold Miners ETF $GDX is Pekin Hardy Strauss Inc.’s 5th Largest Position

Pekin Hardy Strauss Inc. decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,170 shares of the exchange traded fund’s stock after selling 23,612 shares during the period. VanEck Gold Miners ETF comprises 1.7% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 5th largest holding. Pekin Hardy Strauss Inc. owned 0.07% of VanEck Gold Miners ETF worth $18,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Constant Guidance Financial LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter valued at approximately $1,433,000. Advisory Alpha LLC acquired a new position in VanEck Gold Miners ETF during the third quarter worth $455,000. Tradewinds LLC. purchased a new position in VanEck Gold Miners ETF in the third quarter worth $1,568,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in VanEck Gold Miners ETF in the third quarter worth $848,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in VanEck Gold Miners ETF by 15.6% in the third quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after acquiring an additional 4,778 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $88.54 on Wednesday. The firm has a market capitalization of $27.52 billion, a P/E ratio of 21.70 and a beta of 0.71. VanEck Gold Miners ETF has a one year low of $45.10 and a one year high of $117.18. The company’s fifty day moving average is $97.24 and its two-hundred day moving average is $90.32.

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.