VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC cut its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,481 shares of the exchange traded fund’s stock after selling 630 shares during the quarter. AlphaStar Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GDX. JPMorgan Chase & Co. grew its stake in VanEck Gold Miners ETF by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of VanEck Gold Miners ETF during the third quarter worth approximately $76,065,000. Caisse DE Depot ET Placement DU Quebec grew its position in shares of VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock worth $73,242,000 after acquiring an additional 760,722 shares during the last quarter. Strategic Financial Concepts LLC raised its position in VanEck Gold Miners ETF by 3,704.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,819,255 shares of the exchange traded fund’s stock valued at $61,691,000 after purchasing an additional 1,771,440 shares during the last quarter. Finally, Stifel Financial Corp raised its position in VanEck Gold Miners ETF by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 1,300,414 shares of the exchange traded fund’s stock valued at $51,783,000 after purchasing an additional 84,471 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 0.7 %

Shares of GDX opened at $40.86 on Monday. The stock’s 50 day moving average is $36.73 and its two-hundred day moving average is $38.07. The firm has a market capitalization of $16.33 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22.

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.