Nwam LLC Sells 13,217 Shares of VanEck Gold Miners ETF $GDX

Nwam LLC cut its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,229 shares of the exchange traded fund’s stock after selling 13,217 shares during the period. Nwam LLC’s holdings in VanEck Gold Miners ETF were worth $9,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avalon Trust Co acquired a new position in VanEck Gold Miners ETF in the first quarter valued at about $26,000. Eukles Asset Management acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Bayban acquired a new position in shares of VanEck Gold Miners ETF during the 4th quarter worth about $27,000. Princeton Global Asset Management LLC bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $27,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of VanEck Gold Miners ETF in the 1st quarter valued at about $33,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $98.51 on Tuesday. The company has a market capitalization of $30.06 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The firm’s 50 day simple moving average is $82.68 and its 200 day simple moving average is $89.44. VanEck Gold Miners ETF has a fifty-two week low of $61.21 and a fifty-two week high of $117.18.

VanEck Gold Miners ETF Profile

The Fund seeks to match as closely as possible the price and yield performance of the MarketVector Global 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.