Cultivar Capital Inc. Sells 8,723 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Cultivar Capital Inc. cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 320,869 shares of the exchange traded fund’s stock after selling 8,723 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 9.5% of Cultivar Capital Inc.’s holdings, making the stock its 4th biggest holding. Cultivar Capital Inc.’s holdings in VanEck Gold Miners ETF were worth $10,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its holdings in VanEck Gold Miners ETF by 2.8% in the second quarter. Creative Planning now owns 87,511 shares of the exchange traded fund’s stock worth $2,969,000 after purchasing an additional 2,379 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 acquiring an additional 39,380 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in 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 worth $910,000 after acquiring an additional 1,945 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of VanEck Gold Miners ETF by 8.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,276 shares of the exchange traded fund’s stock valued at $892,000 after purchasing an additional 2,061 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of VanEck Gold Miners ETF by 17.1% during the second quarter. Cetera Investment Advisers now owns 906,354 shares of the exchange traded fund’s stock worth $30,753,000 after acquiring an additional 132,172 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 0.5 %

GDX opened at $37.90 on Thursday. The stock has a market capitalization of $15.15 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 12 month low of $25.67 and a 12 month high of $44.22. The firm’s fifty day simple moving average is $36.38 and its 200 day simple moving average is $37.96.

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.