SMART Wealth LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 21.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,402 shares of the exchange traded fund’s stock after selling 7,368 shares during the quarter. SMART Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $2,515,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GDX. AQR Capital Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after acquiring an additional 12,408 shares in the last quarter. Invesco Ltd. acquired a new stake in VanEck Gold Miners ETF during the second quarter valued at $31,236,000. Natixis grew its stake in VanEck Gold Miners ETF by 196.1% in the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock valued at $1,393,000 after purchasing an additional 17,716 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in VanEck Gold Miners ETF by 194.3% in the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock valued at $1,894,000 after purchasing an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in VanEck Gold Miners ETF in the 2nd quarter worth about $846,000.
VanEck Gold Miners ETF Price Performance
GDX opened at $75.45 on Wednesday. VanEck Gold Miners ETF has a fifty-two week low of $50.35 and a fifty-two week high of $117.18. The business has a 50-day moving average of $86.03 and a 200-day moving average of $92.78. The company has a market capitalization of $23.25 billion, a PE ratio of 21.70 and a beta of 0.60.
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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