VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 56.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 85,240 shares of the exchange traded fund’s stock after selling 110,692 shares during the period. Van ECK Associates Corp’s holdings in VanEck Gold Miners ETF were worth $2,643,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Morgan Stanley grew its stake in VanEck Gold Miners ETF by 4.3% during the third quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock worth $297,994,000 after buying an additional 460,687 shares during the period. JPMorgan Chase & Co. grew its stake in VanEck Gold Miners ETF by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock worth $255,051,000 after buying an additional 1,920,723 shares during the period. Rafferty Asset Management LLC grew its stake in VanEck Gold Miners ETF by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock worth $218,190,000 after buying an additional 493,627 shares during the period. Toronto Dominion Bank grew its stake in VanEck Gold Miners ETF by 31.5% during the third quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock worth $83,028,000 after buying an additional 738,786 shares during the period. Finally, Desjardins Global Asset Management Inc. grew its stake in VanEck Gold Miners ETF by 705.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock worth $63,204,000 after buying an additional 1,785,137 shares during the period.

VanEck Gold Miners ETF Stock Down 0.1 %

GDX opened at $34.17 on Wednesday. VanEck Gold Miners ETF has a 52-week low of $25.62 and a 52-week high of $35.81. The company has a 50 day moving average of $31.67 and a two-hundred day moving average of $29.89. The company has a market cap of $13.66 billion, a P/E ratio of 28.03 and a beta of 0.85.

VanEck Gold Miners ETF Company 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.