Cutter & CO Brokerage Inc. Reduces Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cutter & CO Brokerage Inc. decreased its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,285 shares of the exchange traded fund’s stock after selling 1,146 shares during the period. Cutter & CO Brokerage Inc.’s holdings in VanEck Gold Miners ETF were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $76,065,000. Strategic Financial Concepts LLC increased its position in shares of VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock worth $61,691,000 after purchasing an additional 1,771,440 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of VanEck Gold Miners ETF in the 3rd quarter worth about $35,838,000. Panview Capital Ltd bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth about $28,427,000. Finally, Fiduciary Family Office LLC bought a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth about $25,807,000.

VanEck Gold Miners ETF Stock Performance

GDX opened at $40.38 on Wednesday. The company has a 50-day moving average of $37.71 and a 200-day moving average of $38.51. The company has a market capitalization of $13.58 billion, a P/E ratio of 22.76 and a beta of 0.96. VanEck Gold Miners ETF has a 1-year low of $25.67 and a 1-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.