NewEdge Advisors LLC lowered its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 36.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,646 shares of the exchange traded fund’s stock after selling 90,029 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $14,100,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avalon Trust Co bought a new position in VanEck Gold Miners ETF in the 1st quarter valued at $26,000. Eukles Asset Management purchased a new position in shares of VanEck Gold Miners ETF in the fourth quarter worth about $27,000. Bayban purchased a new position in VanEck Gold Miners ETF in the 4th quarter valued at approximately $27,000. Princeton Global Asset Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the first quarter valued at $27,000. Finally, Evolution Wealth Management Inc. purchased a new position in VanEck Gold Miners ETF during the 1st quarter valued at about $33,000.
VanEck Gold Miners ETF Trading Down 0.9%
Shares of VanEck Gold Miners ETF stock opened at $73.57 on Thursday. VanEck Gold Miners ETF has a 12-month low of $51.37 and a 12-month high of $117.18. The company has a market cap of $22.44 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The company’s 50-day moving average price is $79.01 and its 200-day moving average price is $90.85.
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.
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