Creekmur Asset Management LLC Reduces Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Creekmur Asset Management LLC lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 717 shares of the exchange traded fund’s stock after selling 345 shares during the quarter. Creekmur Asset Management LLC’s holdings in VanEck Gold Miners ETF were worth $29,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDX. Jane Street Group LLC lifted its stake in VanEck Gold Miners ETF by 649.7% in the first quarter. Jane Street Group LLC now owns 16,209,056 shares of the exchange traded fund’s stock worth $512,530,000 after acquiring an additional 14,046,913 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in VanEck Gold Miners ETF in the first quarter worth $104,346,000. National Bank of Canada FI lifted its stake in VanEck Gold Miners ETF by 89.0% in the second quarter. National Bank of Canada FI now owns 3,913,211 shares of the exchange traded fund’s stock worth $132,617,000 after acquiring an additional 1,842,885 shares during the period. Strategic Financial Concepts LLC lifted its stake in VanEck Gold Miners ETF by 3,646.0% in the second quarter. Strategic Financial Concepts LLC now owns 1,719,210 shares of the exchange traded fund’s stock worth $58,333,000 after acquiring an additional 1,673,315 shares during the period. Finally, Blackstone Inc. purchased a new stake in VanEck Gold Miners ETF in the first quarter worth $41,106,000.

VanEck Gold Miners ETF Stock Down 1.2 %

Shares of GDX stock opened at $41.51 on Thursday. The stock has a fifty day moving average of $39.91 and a 200 day moving average of $37.02. VanEck Gold Miners ETF has a 52 week low of $25.67 and a 52 week high of $44.22. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

About VanEck Gold Miners ETF

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.