Rather & Kittrell Inc. Has $1.56 Million Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Rather & Kittrell Inc. lessened its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,143 shares of the exchange traded fund’s stock after selling 1,571 shares during the quarter. VanEck Gold Miners ETF accounts for approximately 0.5% of Rather & Kittrell Inc.’s holdings, making the stock its 27th largest holding. Rather & Kittrell Inc.’s holdings in VanEck Gold Miners ETF were worth $1,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDX. Simplex Trading LLC bought a new stake in VanEck Gold Miners ETF during the 4th quarter worth approximately $19,555,000. Stevens Capital Management LP increased its position in shares of VanEck Gold Miners ETF by 576.9% during the fourth quarter. Stevens Capital Management LP now owns 108,100 shares of the exchange traded fund’s stock worth $3,352,000 after acquiring an additional 92,131 shares in the last quarter. Syon Capital LLC raised its holdings in shares of VanEck Gold Miners ETF by 48.5% during the fourth quarter. Syon Capital LLC now owns 46,054 shares of the exchange traded fund’s stock worth $1,428,000 after acquiring an additional 15,042 shares during the period. Stack Financial Management Inc raised its holdings in shares of VanEck Gold Miners ETF by 7.9% during the fourth quarter. Stack Financial Management Inc now owns 27,431 shares of the exchange traded fund’s stock worth $851,000 after acquiring an additional 2,016 shares during the period. Finally, Acas LLC bought a new stake in VanEck Gold Miners ETF in the 4th quarter valued at $215,000.

VanEck Gold Miners ETF Stock Performance

NYSEARCA GDX traded up $0.25 on Friday, reaching $34.58. The company had a trading volume of 21,749,635 shares, compared to its average volume of 26,221,467. The company’s fifty day moving average is $30.65 and its 200-day moving average is $29.64. VanEck Gold Miners ETF has a 1-year low of $25.62 and a 1-year high of $36.26. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 28.20 and a beta of 0.81.

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.