Guyasuta Investment Advisors Inc. Sells 850 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

by · The Cerbat Gem

Guyasuta Investment Advisors Inc. lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 4.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,660 shares of the exchange traded fund’s stock after selling 850 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in VanEck Gold Miners ETF were worth $475,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GDX. Natixis purchased a new stake in shares of VanEck Gold Miners ETF in the 4th quarter worth approximately $25,000. Bessemer Group Inc. purchased a new position in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $29,000. GeoWealth Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the 1st quarter valued at $36,000. Coppell Advisory Solutions Corp. bought a new position in shares of VanEck Gold Miners ETF in the 4th quarter worth $33,000. Finally, BOKF NA purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth $39,000.

VanEck Gold Miners ETF Stock Performance

GDX stock opened at $29.74 on Thursday. VanEck Gold Miners ETF has a one year low of $25.62 and a one year high of $36.26. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 15.72 and a beta of 0.77. The firm has a 50-day simple moving average of $29.80 and a two-hundred day simple moving average of $29.46.

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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