Cumberland Advisors Inc. Raises Holdings in VanEck Vectors Gold Miners ETF (GDX)

Cumberland Advisors Inc. increased its stake in shares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,410 shares of the exchange traded fund’s stock after buying an additional 28,340 shares during the quarter. VanEck Vectors Gold Miners ETF comprises approximately 4.1% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding. Cumberland Advisors Inc. owned 0.11% of VanEck Vectors Gold Miners ETF worth $11,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDX. Foster & Motley Inc. raised its position in shares of VanEck Vectors Gold Miners ETF by 1.0% in the fourth quarter. Foster & Motley Inc. now owns 60,498 shares of the exchange traded fund’s stock worth $1,276,000 after acquiring an additional 583 shares during the period. 10 15 Associates Inc. raised its position in shares of VanEck Vectors Gold Miners ETF by 2.0% in the fourth quarter. 10 15 Associates Inc. now owns 46,755 shares of the exchange traded fund’s stock worth $986,000 after acquiring an additional 930 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of VanEck Vectors Gold Miners ETF by 4.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 22,292 shares of the exchange traded fund’s stock worth $470,000 after acquiring an additional 1,042 shares during the period. Boenning & Scattergood Inc. raised its position in shares of VanEck Vectors Gold Miners ETF by 6.9% in the fourth quarter. Boenning & Scattergood Inc. now owns 18,600 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 1,200 shares during the period. Finally, Capital Investment Advisory Services LLC raised its position in shares of VanEck Vectors Gold Miners ETF by 5.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 23,437 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 1,303 shares during the period.

Shares of VanEck Vectors Gold Miners ETF stock traded down $0.08 during trading hours on Wednesday, reaching $21.73. The stock had a trading volume of 849,093 shares, compared to its average volume of 43,018,473. VanEck Vectors Gold Miners ETF has a twelve month low of $17.28 and a twelve month high of $23.70.

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About VanEck Vectors 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.

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

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