Picton Mahoney Asset Management Sells 4,400 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Picton Mahoney Asset Management lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 49.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,500 shares of the exchange traded fund’s stock after selling 4,400 shares during the quarter. Picton Mahoney Asset Management’s holdings in VanEck Gold Miners ETF were worth $153,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GDX. Associated Banc Corp grew its holdings in VanEck Gold Miners ETF by 0.3% during the fourth quarter. Associated Banc Corp now owns 188,528 shares of the exchange traded fund’s stock worth $6,393,000 after purchasing an additional 556 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of VanEck Gold Miners ETF by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,096,288 shares of the exchange traded fund’s stock valued at $37,175,000 after buying an additional 7,697 shares during the last quarter. LFA Lugano Financial Advisors SA boosted its stake in shares of VanEck Gold Miners ETF by 27.7% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 10,865 shares of the exchange traded fund’s stock worth $368,000 after acquiring an additional 2,355 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of VanEck Gold Miners ETF by 225.0% during the 4th quarter. Farther Finance Advisors LLC now owns 21,567 shares of the exchange traded fund’s stock worth $731,000 after acquiring an additional 14,931 shares during the last quarter. Finally, Hollencrest Capital Management increased its holdings in shares of VanEck Gold Miners ETF by 22.7% during the 4th quarter. Hollencrest Capital Management now owns 63,499 shares of the exchange traded fund’s stock worth $2,153,000 after acquiring an additional 11,750 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $43.64 on Monday. The company has a market cap of $14.46 billion, a P/E ratio of 20.34 and a beta of 0.95. The firm’s fifty day moving average price is $39.48 and its two-hundred day moving average price is $38.76. VanEck Gold Miners ETF has a one year low of $28.91 and a one year high of $44.22.

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.