SVB Wealth LLC Sells 4,597 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

SVB Wealth LLC lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 23.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,818 shares of the exchange traded fund’s stock after selling 4,597 shares during the period. SVB Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $460,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth $25,000. Coppell Advisory Solutions Corp. bought a new stake in VanEck Gold Miners ETF in the 4th quarter worth $33,000. GeoWealth Management LLC bought a new stake in VanEck Gold Miners ETF in the 1st quarter worth $36,000. Union Savings Bank bought a new stake in VanEck Gold Miners ETF in the 3rd quarter worth $38,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter worth about $39,000.

VanEck Gold Miners ETF Trading Up 0.9 %

NYSEARCA:GDX opened at $34.07 on Friday. The company has a 50-day moving average price of $29.96 and a 200-day moving average price of $29.42. VanEck Gold Miners ETF has a 12 month low of $25.62 and a 12 month high of $36.26. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81.

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.