Evermay Wealth Management LLC Cuts Stock Holdings in VanEck Gold Miners ETF $GDX

Evermay Wealth Management LLC decreased its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,284 shares of the exchange traded fund’s stock after selling 6,755 shares during the quarter. Evermay Wealth Management LLC’s holdings in VanEck Gold Miners ETF were worth $2,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GDX. AQR Capital Management LLC grew its holdings in shares of VanEck Gold Miners ETF by 106.2% during the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 12,408 shares in the last quarter. Invesco Ltd. purchased a new position in shares of VanEck Gold Miners ETF during the second quarter worth about $31,236,000. Cary Street Partners Financial LLC grew its holdings in shares of VanEck Gold Miners ETF by 2.2% during the second quarter. Cary Street Partners Financial LLC now owns 30,499 shares of the exchange traded fund’s stock worth $1,588,000 after purchasing an additional 662 shares in the last quarter. Natixis grew its holdings in shares of VanEck Gold Miners ETF by 196.1% during the second quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after purchasing an additional 17,716 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of VanEck Gold Miners ETF by 194.3% during the second quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after purchasing an additional 24,022 shares in the last quarter.

VanEck Gold Miners ETF Trading Up 3.4%

Shares of NYSEARCA GDX opened at $98.18 on Thursday. VanEck Gold Miners ETF has a 12 month low of $42.76 and a 12 month high of $117.18. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 21.70 and a beta of 0.63. The business has a 50-day moving average of $98.33 and a 200-day moving average of $88.23.

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.