Calton & Associates Inc. Cuts Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Calton & Associates Inc. lowered its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 4.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 41,197 shares of the exchange traded fund’s stock after selling 2,015 shares during the period. Calton & Associates Inc.’s holdings in VanEck Gold Miners ETF were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GDX. Headlands Technologies LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $26,000. Atwood & Palmer Inc. purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $27,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $32,000. Family Asset Management LLC purchased a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth about $38,000. Finally, Mather Group LLC. purchased a new stake in shares of VanEck Gold Miners ETF during the first quarter worth about $42,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX traded down $0.30 during trading on Friday, hitting $33.93. 15,121,929 shares of the company’s stock were exchanged, compared to its average volume of 24,682,875. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $37.47. The business’s 50-day simple moving average is $34.53 and its 200 day simple moving average is $31.36. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.

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.