AE Wealth Management LLC Trims Stock Position in VanEck Gold Miners ETF $GDX

AE Wealth Management LLC lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,590 shares of the exchange traded fund’s stock after selling 27,121 shares during the quarter. AE Wealth Management LLC owned about 0.06% of VanEck Gold Miners ETF worth $8,881,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in VanEck Gold Miners ETF by 18.8% during the first quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 1,741 shares during the period. M&T Bank Corp grew its stake in shares of VanEck Gold Miners ETF by 4.0% during the 1st quarter. M&T Bank Corp now owns 26,110 shares of the exchange traded fund’s stock valued at $1,200,000 after buying an additional 1,000 shares during the period. Allworth Financial LP grew its stake in shares of VanEck Gold Miners ETF by 22.8% during the 1st quarter. Allworth Financial LP now owns 3,961 shares of the exchange traded fund’s stock valued at $197,000 after buying an additional 735 shares during the period. Cerity Partners LLC increased its holdings in shares of VanEck Gold Miners ETF by 61.7% during the 1st quarter. Cerity Partners LLC now owns 117,313 shares of the exchange traded fund’s stock worth $5,393,000 after buying an additional 44,775 shares during the last quarter. Finally, Platform Technology Partners purchased a new position in shares of VanEck Gold Miners ETF in the 1st quarter worth $322,000.

VanEck Gold Miners ETF Trading Up 2.5%

GDX stock opened at $72.55 on Monday. The company has a market cap of $21.79 billion, a PE ratio of 21.70 and a beta of 0.55. The stock has a 50-day moving average price of $72.79 and a two-hundred day moving average price of $59.83. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $85.08.

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.