Cultivar Capital Inc. Trims Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Cultivar Capital Inc. cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,853 shares of the exchange traded fund’s stock after selling 23,016 shares during the period. VanEck Gold Miners ETF makes up approximately 11.0% of Cultivar Capital Inc.’s investment portfolio, making the stock its 3rd largest holding. Cultivar Capital Inc. owned about 0.09% of VanEck Gold Miners ETF worth $13,692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rafferty Asset Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 33.7% in the 4th quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock valued at $314,757,000 after buying an additional 2,342,211 shares during the period. Proficio Capital Partners LLC lifted its holdings in VanEck Gold Miners ETF by 1,116.3% during the fourth quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock worth $72,707,000 after acquiring an additional 1,967,832 shares in the last quarter. Raymond James Financial Inc. acquired a new position in VanEck Gold Miners ETF in the fourth quarter valued at about $64,425,000. Two Sigma Investments LP increased its holdings in shares of VanEck Gold Miners ETF by 68.7% in the fourth quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock worth $130,594,000 after acquiring an additional 1,567,800 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of VanEck Gold Miners ETF by 298.3% in the fourth quarter. Schroder Investment Management Group now owns 1,793,072 shares of the exchange traded fund’s stock worth $60,552,000 after acquiring an additional 1,342,885 shares in the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA:GDX opened at $53.55 on Tuesday. The business’s 50-day simple moving average is $49.80 and its 200-day simple moving average is $43.07. VanEck Gold Miners ETF has a fifty-two week low of $32.84 and a fifty-two week high of $54.70. The stock has a market capitalization of $16.51 billion, a PE ratio of 21.14 and a beta of 0.55.

VanEck Gold Miners ETF Company 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.