Kingsview Wealth Management LLC Reduces Holdings in VanEck Gold Miners ETF $GDX

Kingsview Wealth Management LLC reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,115 shares of the exchange traded fund’s stock after selling 91,389 shares during the quarter. Kingsview Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $6,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valence8 US LP raised its position in shares of VanEck Gold Miners ETF by 0.5% in the fourth quarter. Valence8 US LP now owns 87,482 shares of the exchange traded fund’s stock valued at $7,503,000 after buying an additional 455 shares during the last quarter. Client First Investment Management LLC acquired a new position in VanEck Gold Miners ETF during the fourth quarter worth about $218,000. Flputnam Investment Management Co. boosted its position in VanEck Gold Miners ETF by 13.2% during the fourth quarter. Flputnam Investment Management Co. now owns 5,154 shares of the exchange traded fund’s stock worth $442,000 after acquiring an additional 600 shares during the last quarter. Integrity Alliance LLC. grew its stake in VanEck Gold Miners ETF by 504.1% during the 4th quarter. Integrity Alliance LLC. now owns 29,585 shares of the exchange traded fund’s stock valued at $2,538,000 after acquiring an additional 24,688 shares in the last quarter. Finally, Goepper Burkhardt LLC purchased a new stake in VanEck Gold Miners ETF during the 4th quarter valued at about $204,000.

VanEck Gold Miners ETF Trading Up 2.0%

GDX stock opened at $87.18 on Friday. The firm has a 50-day moving average of $91.11 and a two-hundred day moving average of $92.44. VanEck Gold Miners ETF has a 12 month low of $49.72 and a 12 month high of $117.18. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 21.70 and a beta of 0.61.

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.