Allianz Asset Management GmbH Cuts Stock Holdings in VanEck Gold Miners ETF $GDX

Allianz Asset Management GmbH lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,700 shares of the exchange traded fund’s stock after selling 7,400 shares during the quarter. Allianz Asset Management GmbH’s holdings in VanEck Gold Miners ETF were worth $10,673,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of VanEck Gold Miners ETF by 766.7% in the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after purchasing an additional 4,574,598 shares during the last quarter. Slate Path Capital LP bought a new stake in VanEck Gold Miners ETF in the 2nd quarter worth about $123,070,000. Rafferty Asset Management LLC increased its stake in VanEck Gold Miners ETF by 30.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after buying an additional 1,503,884 shares during the last quarter. Meitav Investment House Ltd. lifted its position in shares of VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after buying an additional 700,000 shares in the last quarter. Finally, Parker Investment Management LLC purchased a new position in shares of VanEck Gold Miners ETF in the 3rd quarter worth approximately $52,704,000.

VanEck Gold Miners ETF Stock Up 5.4%

GDX stock opened at $97.39 on Monday. The firm has a market cap of $29.72 billion, a PE ratio of 21.70 and a beta of 0.55. The business has a 50 day moving average of $91.98 and a 200-day moving average of $77.07. VanEck Gold Miners ETF has a 12-month low of $38.58 and a 12-month high of $113.50.

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.