Park Avenue Securities LLC Has $755,000 Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Park Avenue Securities LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 20.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,422 shares of the exchange traded fund’s stock after selling 4,141 shares during the quarter. Park Avenue Securities LLC’s holdings in VanEck Gold Miners ETF were worth $755,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GDX. Gladstone Institutional Advisory LLC increased its position in shares of VanEck Gold Miners ETF by 4.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 20,483 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 821 shares during the period. Avidian Wealth Enterprises LLC increased its position in shares of VanEck Gold Miners ETF by 4.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 9,051 shares of the exchange traded fund’s stock valued at $307,000 after purchasing an additional 375 shares during the period. Van ECK Associates Corp increased its position in shares of VanEck Gold Miners ETF by 22.6% during the fourth quarter. Van ECK Associates Corp now owns 39,147 shares of the exchange traded fund’s stock valued at $1,327,000 after purchasing an additional 7,212 shares during the period. Bogart Wealth LLC increased its position in shares of VanEck Gold Miners ETF by 9.5% during the fourth quarter. Bogart Wealth LLC now owns 3,472 shares of the exchange traded fund’s stock valued at $118,000 after purchasing an additional 300 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of VanEck Gold Miners ETF by 0.5% during the fourth quarter. Vontobel Holding Ltd. now owns 70,026 shares of the exchange traded fund’s stock valued at $2,375,000 after purchasing an additional 377 shares during the period.

VanEck Gold Miners ETF Trading Up 1.7%

GDX opened at $54.46 on Friday. The stock’s 50 day simple moving average is $49.56 and its 200-day simple moving average is $42.88. VanEck Gold Miners ETF has a 1 year low of $32.84 and a 1 year high of $54.70. The stock has a market cap of $16.79 billion, a PE ratio of 21.14 and a beta of 0.55.

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.