White Pine Investment CO Sells 2,073 Shares of VanEck Gold Miners ETF $GDX

White Pine Investment CO lowered its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 1.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 157,061 shares of the exchange traded fund’s stock after selling 2,073 shares during the quarter. VanEck Gold Miners ETF accounts for 2.0% of White Pine Investment CO’s holdings, making the stock its 21st largest position. White Pine Investment CO’s holdings in VanEck Gold Miners ETF were worth $8,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American National Bank & Trust bought a new stake in shares of VanEck Gold Miners ETF during the second quarter valued at approximately $68,000. Integrity Alliance LLC. bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $254,000. Banque Pictet & Cie SA raised its position in shares of VanEck Gold Miners ETF by 1.5% during the second quarter. Banque Pictet & Cie SA now owns 66,000 shares of the exchange traded fund’s stock valued at $3,436,000 after buying an additional 1,000 shares during the last quarter. Modera Wealth Management LLC bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $404,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $202,000.

VanEck Gold Miners ETF Price Performance

VanEck Gold Miners ETF stock opened at $75.72 on Tuesday. The stock has a market cap of $22.16 billion, a P/E ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $76.87. The firm’s 50 day moving average price is $62.25 and its 200-day moving average price is $53.89.

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.