Essex Financial Services Inc. Reduces Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Essex Financial Services Inc. decreased its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,918 shares of the exchange traded fund’s stock after selling 827 shares during the quarter. Essex Financial Services Inc.’s holdings in VanEck Gold Miners ETF were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GDX. Eastern Bank purchased a new position in VanEck Gold Miners ETF during the fourth quarter valued at approximately $25,000. Aptus Capital Advisors LLC lifted its holdings in VanEck Gold Miners ETF by 53.0% during the third quarter. Aptus Capital Advisors LLC now owns 950 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in VanEck Gold Miners ETF during the third quarter valued at approximately $49,000. Laurel Wealth Advisors LLC lifted its holdings in VanEck Gold Miners ETF by 2,586.2% during the fourth quarter. Laurel Wealth Advisors LLC now owns 1,558 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Studio Investment Management LLC lifted its holdings in VanEck Gold Miners ETF by 52.3% during the third quarter. Studio Investment Management LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $73,000 after purchasing an additional 629 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $42.51 on Friday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The company’s fifty day moving average price is $37.10 and its 200-day moving average price is $38.20. The company has a market capitalization of $16.99 billion, a PE 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.