Piedmont Capital Management LLC lessened its position in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 89.4% in the second quarter, HoldingsChannel.com reports. The fund owned 15,624 shares of the exchange traded fund’s stock after selling 132,372 shares during the period. VanEck Gold Miners ETF comprises about 0.6% of Piedmont Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Piedmont Capital Management LLC’s holdings in VanEck Gold Miners ETF were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Avalon Trust Co bought a new position in VanEck Gold Miners ETF during the first quarter worth about $26,000. Eukles Asset Management bought a new position in VanEck Gold Miners ETF in the 4th quarter valued at about $27,000. Bayban acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth approximately $27,000. Princeton Global Asset Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the first quarter worth approximately $27,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of VanEck Gold Miners ETF during the first quarter worth approximately $33,000.
VanEck Gold Miners ETF Trading Down 1.1%
VanEck Gold Miners ETF stock opened at $98.51 on Tuesday. The company has a market capitalization of $30.06 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 12 month low of $61.21 and a 12 month high of $117.18. The stock’s 50 day moving average is $82.68 and its 200-day moving average is $89.44.
VanEck Gold Miners ETF Company Profile
The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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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Want to see what other hedge funds are holding GDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report).
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