Howard Financial Services LTD. Trims Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Howard Financial Services LTD. reduced its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,085 shares of the exchange traded fund’s stock after selling 479 shares during the period. Howard Financial Services LTD.’s holdings in VanEck Gold Miners ETF were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GDX. Pathway Financial Advisors LLC acquired a new position in shares of VanEck Gold Miners ETF during the 3rd quarter worth approximately $219,000. City Holding Co. increased its stake in VanEck Gold Miners ETF by 33.7% during the 3rd quarter. City Holding Co. now owns 58,300 shares of the exchange traded fund’s stock worth $2,321,000 after buying an additional 14,700 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of VanEck Gold Miners ETF during the third quarter valued at approximately $332,000. Versant Capital Management Inc boosted its stake in shares of VanEck Gold Miners ETF by 4.3% in the third quarter. Versant Capital Management Inc now owns 321,119 shares of the exchange traded fund’s stock worth $12,787,000 after acquiring an additional 13,237 shares during the last quarter. Finally, IAM Advisory LLC increased its position in shares of VanEck Gold Miners ETF by 0.9% during the third quarter. IAM Advisory LLC now owns 49,229 shares of the exchange traded fund’s stock worth $1,960,000 after purchasing an additional 440 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 0.6 %

VanEck Gold Miners ETF stock opened at $38.74 on Wednesday. The company has a fifty day simple moving average of $38.51 and a 200-day simple moving average of $36.04. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.67 and a 52-week high of $41.95.

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.