Envestnet Asset Management Inc. Trims Holdings in VanEck Gold Miners ETF (NYSEARCA:GDX)

Envestnet Asset Management Inc. reduced its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,030 shares of the exchange traded fund’s stock after selling 43,104 shares during the quarter. Envestnet Asset Management Inc. owned 0.22% of VanEck Gold Miners ETF worth $32,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GDX. Investors Research Corp boosted its stake in shares of VanEck Gold Miners ETF by 57.3% during the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 251 shares during the last quarter. Millstone Evans Group LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $34,000. Elequin Capital LP bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $39,000. Mpwm Advisory Solutions LLC bought a new position in VanEck Gold Miners ETF during the fourth quarter worth $41,000. Finally, EQ Wealth Advisors LLC bought a new position in VanEck Gold Miners ETF during the first quarter worth $42,000.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $52.45 on Tuesday. The business’s fifty day moving average price is $51.06 and its 200 day moving average price is $45.20. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $54.70. The stock has a market capitalization of $15.55 billion, a PE ratio of 21.70 and a beta of 0.77.

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.