Janney Montgomery Scott LLC Decreases Stock Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Janney Montgomery Scott LLC lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 346,180 shares of the exchange traded fund’s stock after selling 34,281 shares during the quarter. Janney Montgomery Scott LLC’s holdings in VanEck Gold Miners ETF were worth $11,739,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GDX. Magnolia Capital Advisors LLC purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter valued at approximately $3,718,000. Creative Planning increased its stake in VanEck Gold Miners ETF by 2.8% during the 2nd quarter. Creative Planning now owns 87,511 shares of the exchange traded fund’s stock valued at $2,969,000 after purchasing an additional 2,379 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of VanEck Gold Miners ETF by 120.3% in the second quarter. NewEdge Advisors LLC now owns 368,727 shares of the exchange traded fund’s stock worth $12,511,000 after buying an additional 201,375 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Gold Miners ETF by 31.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 162,935 shares of the exchange traded fund’s stock worth $5,528,000 after buying an additional 39,380 shares during the period. Finally, Regal Investment Advisors LLC grew its holdings in shares of VanEck Gold Miners ETF by 7.8% during the second quarter. Regal Investment Advisors LLC now owns 26,818 shares of the exchange traded fund’s stock valued at $910,000 after buying an additional 1,945 shares during the last quarter.

VanEck Gold Miners ETF Stock Performance

Shares of GDX stock opened at $37.95 on Monday. VanEck Gold Miners ETF has a fifty-two week low of $25.67 and a fifty-two week high of $44.22. The firm has a market capitalization of $15.17 billion, a PE ratio of 28.03 and a beta of 0.85. The stock’s 50-day simple moving average is $36.37 and its 200-day simple moving average is $37.96.

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.