Cutler Capital Management LLC Grows Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cutler Capital Management LLC boosted its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDXFree Report) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,667 shares of the exchange traded fund’s stock after buying an additional 1,714 shares during the quarter. Cutler Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GDX. Theory Financial LLC increased its stake in VanEck Gold Miners ETF by 20.4% in the third quarter. Theory Financial LLC now owns 122,839 shares of the exchange traded fund’s stock worth $3,306,000 after purchasing an additional 20,837 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of VanEck Gold Miners ETF by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 67,136 shares of the exchange traded fund’s stock valued at $2,082,000 after buying an additional 2,133 shares during the period. International Assets Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $33,675,000. Capital Investment Advisors LLC increased its stake in shares of VanEck Gold Miners ETF by 14.3% during the fourth quarter. Capital Investment Advisors LLC now owns 12,661 shares of the exchange traded fund’s stock valued at $393,000 after buying an additional 1,584 shares during the period. Finally, Chevy Chase Trust Holdings LLC purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at $13,822,000.

VanEck Gold Miners ETF Trading Down 6.9 %

Shares of VanEck Gold Miners ETF stock traded down $2.47 during trading on Friday, hitting $33.54. 50,927,688 shares of the stock traded hands, compared to its average volume of 25,592,750. The firm has a market cap of $13.41 billion, a P/E ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $37.47. The stock’s fifty day simple moving average is $34.38 and its 200 day simple moving average is $30.95.

About VanEck Gold Miners ETF

(Free Report)

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.

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Institutional Ownership by Quarter for VanEck Gold Miners ETF (NYSEARCA:GDX)

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