Oxbow Advisors LLC Sells 404 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Oxbow Advisors LLC trimmed its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,428 shares of the exchange traded fund’s stock after selling 404 shares during the period. Oxbow Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $3,322,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its position in shares of VanEck Gold Miners ETF by 9.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 17,668 shares of the exchange traded fund’s stock worth $599,000 after purchasing an additional 1,580 shares in the last quarter. US Bancorp DE grew its stake in shares of VanEck Gold Miners ETF by 4.9% during the first quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock worth $441,000 after acquiring an additional 649 shares during the last quarter. LRI Investments LLC acquired a new position in shares of VanEck Gold Miners ETF during the first quarter valued at about $31,000. Clearbridge Investments LLC raised its position in shares of VanEck Gold Miners ETF by 9.4% in the 1st quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock valued at $550,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in VanEck Gold Miners ETF by 2.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 17,168 shares of the exchange traded fund’s stock worth $583,000 after purchasing an additional 454 shares during the last quarter.

VanEck Gold Miners ETF Stock Down 1.4 %

Shares of GDX traded down $0.55 during trading hours on Friday, reaching $39.02. 22,864,163 shares of the company traded hands, compared to its average volume of 22,438,295. The stock has a market capitalization of $15.60 billion, a P/E ratio of 28.03 and a beta of 0.85. The business has a fifty day moving average price of $40.01 and a 200-day moving average price of $37.30. VanEck Gold Miners ETF has a 12-month low of $25.67 and a 12-month high of $44.22.

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.