Wellington Management Group LLP Sells 59,358 Shares of VanEck Gold Miners ETF $GDX

Wellington Management Group LLP lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 57.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,429 shares of the exchange traded fund’s stock after selling 59,358 shares during the period. Wellington Management Group LLP’s holdings in VanEck Gold Miners ETF were worth $1,996,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Keystone Global Partners LLC bought a new stake in VanEck Gold Miners ETF during the first quarter worth about $48,000. Cascade Financial Partners LLC bought a new stake in VanEck Gold Miners ETF during the first quarter worth about $269,000. Tocqueville Asset Management L.P. raised its holdings in VanEck Gold Miners ETF by 2.6% during the first quarter. Tocqueville Asset Management L.P. now owns 504,514 shares of the exchange traded fund’s stock worth $23,193,000 after acquiring an additional 12,571 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in VanEck Gold Miners ETF by 2.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 57,929 shares of the exchange traded fund’s stock worth $2,663,000 after acquiring an additional 1,554 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in VanEck Gold Miners ETF by 24.6% during the first quarter. EverSource Wealth Advisors LLC now owns 27,909 shares of the exchange traded fund’s stock worth $1,283,000 after acquiring an additional 5,511 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

GDX opened at $63.17 on Friday. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $63.23. The firm has a market capitalization of $18.49 billion, a PE ratio of 21.70 and a beta of 0.77. The business’s 50-day simple moving average is $54.93 and its 200 day simple moving average is $49.69.

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.