Nomura Asset Management Co. Ltd. trimmed its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 25.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,010 shares of the exchange traded fund’s stock after selling 8,620 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in VanEck Gold Miners ETF were worth $2,145,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Constant Guidance Financial LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $1,433,000. Advisory Alpha LLC acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $455,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $848,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of VanEck Gold Miners ETF during the 3rd quarter valued at $3,649,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of VanEck Gold Miners ETF by 15.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 35,422 shares of the exchange traded fund’s stock valued at $2,706,000 after buying an additional 4,778 shares during the period.
VanEck Gold Miners ETF Stock Up 1.6%
Shares of NYSEARCA:GDX opened at $86.40 on Friday. The firm has a fifty day moving average of $91.46 and a two-hundred day moving average of $92.79. The firm has a market capitalization of $26.62 billion, a P/E ratio of 21.70 and a beta of 0.60. VanEck Gold Miners ETF has a 12-month low of $50.32 and a 12-month high of $117.18.
VanEck Gold Miners ETF 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.
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