VanEck Gold Miners ETF (NYSEARCA:GDX) Stock Position Lessened by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. cut its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 215,883 shares of the exchange traded fund’s stock after selling 5,750 shares during the quarter. VanEck Gold Miners ETF comprises about 2.2% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 10th largest position. Sterling Investment Advisors Ltd. owned 0.05% of VanEck Gold Miners ETF worth $8,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its stake in 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. J.W. Cole Advisors Inc. raised its position in shares of VanEck Gold Miners ETF by 39.8% in the first quarter. J.W. Cole Advisors Inc. now owns 30,474 shares of the exchange traded fund’s stock worth $964,000 after buying an additional 8,670 shares in the last quarter. US Bancorp DE boosted its stake in 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 valued at $441,000 after buying an additional 649 shares during the period. LRI Investments LLC purchased a new position in VanEck Gold Miners ETF during the first quarter worth about $31,000. Finally, Clearbridge Investments LLC grew its position in VanEck Gold Miners ETF by 9.4% during the first quarter. Clearbridge Investments LLC now owns 17,400 shares of the exchange traded fund’s stock worth $550,000 after buying an additional 1,500 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX traded down $0.57 on Friday, hitting $41.56. The company’s stock had a trading volume of 21,541,231 shares, compared to its average volume of 22,460,547. The company has a market capitalization of $16.61 billion, a PE ratio of 28.03 and a beta of 0.85. The company has a 50-day simple moving average of $39.78 and a 200 day simple moving average of $36.86. VanEck Gold Miners ETF has a 1 year low of $25.67 and a 1 year 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.