Picton Mahoney Asset Management Has $69,000 Stock Position in VanEck Gold Miners ETF (NYSEARCA:GDX)

Picton Mahoney Asset Management decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 66.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the exchange traded fund’s stock after selling 3,000 shares during the period. Picton Mahoney Asset Management’s holdings in VanEck Gold Miners ETF were worth $69,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rafferty Asset Management LLC increased its position in VanEck Gold Miners ETF by 33.7% in the fourth quarter. Rafferty Asset Management LLC now owns 9,282,123 shares of the exchange traded fund’s stock worth $314,757,000 after purchasing an additional 2,342,211 shares during the period. Two Sigma Investments LP increased its position in VanEck Gold Miners ETF by 68.7% in the fourth quarter. Two Sigma Investments LP now owns 3,851,200 shares of the exchange traded fund’s stock worth $130,594,000 after purchasing an additional 1,567,800 shares during the period. LPL Financial LLC increased its position in VanEck Gold Miners ETF by 2.3% in the first quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after purchasing an additional 80,785 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in VanEck Gold Miners ETF by 3,010.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after buying an additional 1,875,906 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in VanEck Gold Miners ETF by 0.6% during the first quarter. Cetera Investment Advisers now owns 1,049,547 shares of the exchange traded fund’s stock worth $48,248,000 after buying an additional 6,329 shares during the last quarter.

VanEck Gold Miners ETF Trading Down 0.3%

Shares of GDX opened at $51.64 on Friday. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $54.78. The stock has a market cap of $15.13 billion, a P/E ratio of 21.70 and a beta of 0.77. The stock’s 50-day moving average price is $52.28 and its two-hundred day moving average price is $46.76.

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.