Clearwater Capital Advisors LLC Sells 23,143 Shares of VanEck Gold Miners ETF $GDX

Clearwater Capital Advisors LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,431 shares of the exchange traded fund’s stock after selling 23,143 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 2.4% of Clearwater Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Clearwater Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $28,341,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Morton Brown Family Wealth LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $36,000. Hantz Financial Services Inc. boosted its holdings in VanEck Gold Miners ETF by 298.2% in the fourth quarter. Hantz Financial Services Inc. now owns 450 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 337 shares in the last quarter. Family Management Corp acquired a new stake in VanEck Gold Miners ETF in the third quarter worth about $38,000. Activest Wealth Management acquired a new stake in VanEck Gold Miners ETF in the third quarter worth about $50,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in VanEck Gold Miners ETF in the fourth quarter worth about $56,000.

VanEck Gold Miners ETF Stock Performance

Shares of NYSEARCA GDX opened at $85.02 on Monday. The company has a market cap of $26.19 billion, a PE ratio of 21.70 and a beta of 0.61. The business has a 50-day simple moving average of $91.80 and a two-hundred day simple moving average of $91.99. VanEck Gold Miners ETF has a fifty-two week low of $49.34 and a fifty-two week high of $117.18.

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.