Castle Wealth Management LLC Sells 2,746 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Castle Wealth Management LLC reduced its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 45,293 shares of the exchange traded fund’s stock after selling 2,746 shares during the period. Castle Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GDX. JPMorgan Chase & Co. boosted its position in shares of VanEck Gold Miners ETF by 47.1% in the 1st quarter. JPMorgan Chase & Co. now owns 11,715,047 shares of the exchange traded fund’s stock worth $378,982,000 after purchasing an additional 3,748,454 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its position in shares of VanEck Gold Miners ETF by 705.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock worth $63,204,000 after purchasing an additional 1,785,137 shares during the last quarter. Vanderbilt University bought a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth $36,612,000. Wellington Management Group LLP boosted its position in shares of VanEck Gold Miners ETF by 120.2% in the 1st quarter. Wellington Management Group LLP now owns 1,965,337 shares of the exchange traded fund’s stock worth $75,370,000 after purchasing an additional 1,072,726 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter worth about $33,675,000.

VanEck Gold Miners ETF Stock Performance

GDX stock traded up $0.32 during midday trading on Friday, hitting $34.07. 19,384,281 shares of the company’s stock were exchanged, compared to its average volume of 25,947,824. The stock’s fifty day moving average price is $29.96 and its 200-day moving average price is $29.40. The company has a market cap of $14.24 billion, a PE ratio of 28.20 and a beta of 0.81. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $36.26.

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.