NewEdge Advisors LLC Trims Stake in VanEck Gold Miners ETF $GDX

NewEdge Advisors LLC reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 36.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,646 shares of the exchange traded fund’s stock after selling 90,029 shares during the quarter. NewEdge Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $14,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Caisse de depot et placement du Quebec bought a new stake in shares of VanEck Gold Miners ETF during the 4th quarter valued at about $218,971,000. M&T Bank Corp increased its position in shares of VanEck Gold Miners ETF by 7,491.6% in the fourth quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after purchasing an additional 1,998,748 shares during the last quarter. Bank of Nova Scotia raised its stake in VanEck Gold Miners ETF by 282.0% in the first quarter. Bank of Nova Scotia now owns 2,692,956 shares of the exchange traded fund’s stock valued at $247,133,000 after purchasing an additional 1,987,920 shares in the last quarter. Rafferty Asset Management LLC raised its stake in VanEck Gold Miners ETF by 30.0% in the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in VanEck Gold Miners ETF during the fourth quarter valued at approximately $101,981,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $73.57 on Thursday. VanEck Gold Miners ETF has a 1 year low of $51.37 and a 1 year high of $117.18. The firm has a market cap of $22.44 billion, a PE ratio of 21.70 and a beta of 0.65. The company has a 50 day simple moving average of $79.01 and a two-hundred day simple moving average of $90.85.

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.