Vontobel Holding Ltd. Decreases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

Vontobel Holding Ltd. trimmed its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,353 shares of the exchange traded fund’s stock after selling 22,673 shares during the quarter. Vontobel Holding Ltd.’s holdings in VanEck Gold Miners ETF were worth $2,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in VanEck Gold Miners ETF by 34.8% during the 4th quarter. Principal Financial Group Inc. now owns 42,939 shares of the exchange traded fund’s stock valued at $1,456,000 after purchasing an additional 11,082 shares during the period. US Bancorp DE increased its stake in shares of VanEck Gold Miners ETF by 11.8% during the fourth quarter. US Bancorp DE now owns 11,712 shares of the exchange traded fund’s stock valued at $397,000 after buying an additional 1,239 shares during the period. Jones Financial Companies Lllp increased its stake in shares of VanEck Gold Miners ETF by 46.9% during the fourth quarter. Jones Financial Companies Lllp now owns 99,040 shares of the exchange traded fund’s stock valued at $3,358,000 after buying an additional 31,636 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of VanEck Gold Miners ETF by 5.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 154,015 shares of the exchange traded fund’s stock valued at $5,223,000 after buying an additional 8,435 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter valued at approximately $181,000.

VanEck Gold Miners ETF Trading Up 0.5%

Shares of VanEck Gold Miners ETF stock opened at $52.91 on Friday. The company’s fifty day simple moving average is $50.60 and its two-hundred day simple moving average is $44.33. The company has a market cap of $16.20 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 12-month low of $33.42 and a 12-month high of $54.70.

VanEck Gold Miners ETF 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.