Van ECK Associates Corp Sells 110,692 Shares of VanEck Gold Miners ETF (NYSEARCA:GDX)

Van ECK Associates Corp trimmed its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 56.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,240 shares of the exchange traded fund’s stock after selling 110,692 shares during the period. Van ECK Associates Corp’s holdings in VanEck Gold Miners ETF were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GDX. Morgan Stanley boosted its holdings in shares of VanEck Gold Miners ETF by 4.3% in the 3rd quarter. Morgan Stanley now owns 11,073,715 shares of the exchange traded fund’s stock valued at $297,994,000 after buying an additional 460,687 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VanEck Gold Miners ETF by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,477,920 shares of the exchange traded fund’s stock valued at $255,051,000 after buying an additional 1,920,723 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of VanEck Gold Miners ETF by 6.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 8,108,154 shares of the exchange traded fund’s stock valued at $218,190,000 after buying an additional 493,627 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of VanEck Gold Miners ETF by 31.5% in the 3rd quarter. Toronto Dominion Bank now owns 3,085,387 shares of the exchange traded fund’s stock valued at $83,028,000 after buying an additional 738,786 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its holdings in shares of VanEck Gold Miners ETF by 705.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,038,166 shares of the exchange traded fund’s stock valued at $63,204,000 after buying an additional 1,785,137 shares in the last quarter.

VanEck Gold Miners ETF Stock Performance

NYSEARCA:GDX opened at $34.17 on Wednesday. VanEck Gold Miners ETF has a fifty-two week low of $25.62 and a fifty-two week high of $35.81. The stock has a market capitalization of $13.66 billion, a P/E ratio of 28.03 and a beta of 0.85. The company’s 50-day simple moving average is $31.67 and its 200-day simple moving average is $29.89.

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.