VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 45.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,354 shares of the exchange traded fund’s stock after selling 19,585 shares during the period. Principal Financial Group Inc.’s holdings in VanEck Gold Miners ETF were worth $1,074,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Ausdal Financial Partners Inc. raised its position in shares of VanEck Gold Miners ETF by 2.2% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,341 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 249 shares during the last quarter. ORG Partners LLC raised its holdings in VanEck Gold Miners ETF by 32.9% in the 1st quarter. ORG Partners LLC now owns 1,010 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 250 shares during the last quarter. Investors Research Corp raised its holdings in VanEck Gold Miners ETF by 57.3% in the 1st quarter. Investors Research Corp now owns 689 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 251 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in VanEck Gold Miners ETF by 1.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 26,323 shares of the exchange traded fund’s stock valued at $893,000 after acquiring an additional 348 shares during the last quarter. Finally, Chemistry Wealth Management LLC raised its holdings in VanEck Gold Miners ETF by 5.6% in the 1st quarter. Chemistry Wealth Management LLC now owns 7,095 shares of the exchange traded fund’s stock valued at $326,000 after acquiring an additional 379 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 0.2%

GDX stock opened at $51.13 on Friday. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 12 month low of $33.42 and a 12 month high of $54.70. The firm has a 50-day moving average of $51.25 and a two-hundred day moving average of $45.74.

About VanEck Gold Miners ETF

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.