VanEck Gold Miners ETF $GDX Shares Sold by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. lessened its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 35.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 148,887 shares of the exchange traded fund’s stock after selling 81,706 shares during the period. VanEck Gold Miners ETF accounts for about 4.2% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 7th biggest holding. Mader & Shannon Wealth Management Inc.’s holdings in VanEck Gold Miners ETF were worth $7,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in VanEck Gold Miners ETF by 2.3% during the 1st quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after acquiring an additional 80,785 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in VanEck Gold Miners ETF by 7,098.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after acquiring an additional 2,051,490 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in VanEck Gold Miners ETF by 3,010.4% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after acquiring an additional 1,875,906 shares in the last quarter. National Bank of Canada FI grew its holdings in VanEck Gold Miners ETF by 8,656.1% during the 1st quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after acquiring an additional 1,360,475 shares in the last quarter. Finally, New Harbor Financial Group LLC grew its holdings in VanEck Gold Miners ETF by 51.9% during the 1st quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock worth $53,132,000 after acquiring an additional 394,744 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 1.2%

NYSEARCA GDX opened at $73.79 on Friday. The stock has a market capitalization of $21.66 billion, a PE ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 52 week low of $33.42 and a 52 week high of $85.08. The firm has a 50 day moving average of $70.29 and a two-hundred day moving average of $57.84.

About VanEck 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.