OVERSEA CHINESE BANKING Corp Ltd Lowers Stock Position in VanEck Gold Miners ETF $GDX

OVERSEA CHINESE BANKING Corp Ltd lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 15.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,000 shares of the exchange traded fund’s stock after selling 10,220 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in VanEck Gold Miners ETF were worth $2,862,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in VanEck Gold Miners ETF by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 741,118 shares of the exchange traded fund’s stock valued at $38,582,000 after buying an additional 33,088 shares during the period. Wealthfront Advisers LLC boosted its position in shares of VanEck Gold Miners ETF by 10.0% in the second quarter. Wealthfront Advisers LLC now owns 54,450 shares of the exchange traded fund’s stock valued at $2,835,000 after acquiring an additional 4,964 shares during the period. Brighton Jones LLC boosted its position in shares of VanEck Gold Miners ETF by 46.7% in the second quarter. Brighton Jones LLC now owns 6,600 shares of the exchange traded fund’s stock valued at $344,000 after acquiring an additional 2,102 shares during the period. Waldron Private Wealth LLC bought a new position in shares of VanEck Gold Miners ETF in the second quarter valued at approximately $206,000. Finally, Pinnacle Wealth Management Group Inc. lifted its position in VanEck Gold Miners ETF by 0.3% during the second quarter. Pinnacle Wealth Management Group Inc. now owns 83,640 shares of the exchange traded fund’s stock valued at $4,354,000 after purchasing an additional 246 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $69.91 on Tuesday. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $85.08. The firm has a market cap of $20.95 billion, a PE ratio of 21.70 and a beta of 0.55. The company has a 50 day simple moving average of $70.82 and a two-hundred day simple moving average of $58.44.

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.