D.A. Davidson & CO. Trims Stock Holdings in VanEck Gold Miners ETF $GDX

D.A. Davidson & CO. lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 22.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,127 shares of the exchange traded fund’s stock after selling 16,356 shares during the quarter. D.A. Davidson & CO.’s holdings in VanEck Gold Miners ETF were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoey Investments Inc. lifted its stake in VanEck Gold Miners ETF by 71.0% in the second quarter. Hoey Investments Inc. now owns 513 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 213 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its stake in VanEck Gold Miners ETF by 0.5% in the first quarter. LaSalle St. Investment Advisors LLC now owns 43,374 shares of the exchange traded fund’s stock valued at $1,993,000 after buying an additional 219 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in VanEck Gold Miners ETF by 2.0% in the first quarter. CreativeOne Wealth LLC now owns 11,428 shares of the exchange traded fund’s stock valued at $525,000 after buying an additional 225 shares during the last quarter. Apella Capital LLC lifted its stake in VanEck Gold Miners ETF by 3.7% in the second quarter. Apella Capital LLC now owns 6,648 shares of the exchange traded fund’s stock valued at $353,000 after buying an additional 235 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC lifted its stake in VanEck Gold Miners ETF by 0.6% in the first quarter. Quadrant Private Wealth Management LLC now owns 42,029 shares of the exchange traded fund’s stock valued at $1,932,000 after buying an additional 250 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 1.3%

Shares of NYSEARCA GDX opened at $72.80 on Friday. The stock has a market cap of $21.74 billion, a P/E ratio of 21.70 and a beta of 0.77. The stock has a 50 day moving average of $70.58 and a two-hundred day moving average of $58.17. VanEck Gold Miners ETF has a twelve month low of $33.42 and a twelve month high of $85.08.

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.