Cumberland Advisors Inc. Has $11.91 Million Position in VanEck Vectors Gold Miners ETF (GDX)

Cumberland Advisors Inc. lifted its holdings in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 531,410 shares of the exchange traded fund’s stock after acquiring an additional 28,340 shares during the period. VanEck Vectors Gold Miners ETF makes up approximately 4.1% of Cumberland Advisors Inc.’s portfolio, making the stock its 8th biggest position. Cumberland Advisors Inc. owned approximately 0.11% of VanEck Vectors Gold Miners ETF worth $11,914,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. CX Institutional acquired a new position in VanEck Vectors Gold Miners ETF during the 4th quarter valued at about $32,000. Westside Investment Management Inc. purchased a new position in shares of VanEck Vectors Gold Miners ETF in the 4th quarter worth approximately $39,000. Howe & Rusling Inc. boosted its stake in shares of VanEck Vectors Gold Miners ETF by 2,222.2% in the 4th quarter. Howe & Rusling Inc. now owns 2,090 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 2,000 shares during the last quarter. Vigilant Capital Management LLC purchased a new position in shares of VanEck Vectors Gold Miners ETF in the 4th quarter worth approximately $60,000. Finally, Smithfield Trust Co. purchased a new position in shares of VanEck Vectors Gold Miners ETF in the 4th quarter worth approximately $66,000.

Shares of NYSEARCA GDX opened at $21.02 on Thursday. 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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VanEck Vectors 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.

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

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