Sumitomo Mitsui Trust Group Inc. Invests $227,000 in VanEck Gold Miners ETF $GDX

Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,364 shares of the exchange traded fund’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GDX. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of VanEck Gold Miners ETF by 7,098.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock valued at $94,731,000 after buying an additional 2,051,490 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in VanEck Gold Miners ETF by 3,010.4% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after acquiring an additional 1,875,906 shares during the last quarter. National Bank of Canada FI boosted its position in VanEck Gold Miners ETF by 8,656.1% in the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock valued at $63,264,000 after buying an additional 1,360,475 shares during the last quarter. CSM Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF in the first quarter worth $36,656,000. Finally, Banque Transatlantique SA purchased a new position in shares of VanEck Gold Miners ETF during the 1st quarter valued at about $25,011,000.

VanEck Gold Miners ETF Trading Down 1.2%

VanEck Gold Miners ETF stock opened at $72.06 on Friday. VanEck Gold Miners ETF has a 12 month low of $33.42 and a 12 month high of $85.08. The stock’s 50 day simple moving average is $71.87 and its two-hundred day simple moving average is $59.07. The firm has a market cap of $21.74 billion, a PE ratio of 21.70 and a beta of 0.55.

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.