VanEck Gold Miners ETF $GDX Stake Lessened by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 81,422 shares of the exchange traded fund’s stock after selling 7,966 shares during the quarter. NewEdge Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $7,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley lifted its stake in VanEck Gold Miners ETF by 0.7% in the 4th quarter. Morgan Stanley now owns 12,876,546 shares of the exchange traded fund’s stock worth $1,104,421,000 after acquiring an additional 90,514 shares in the last quarter. Rafferty Asset Management LLC grew its stake in VanEck Gold Miners ETF by 8.2% during the 4th quarter. Rafferty Asset Management LLC now owns 7,053,592 shares of the exchange traded fund’s stock valued at $604,987,000 after acquiring an additional 534,856 shares in the last quarter. Caisse de depot et placement du Quebec acquired a new position in shares of VanEck Gold Miners ETF in the 4th quarter valued at about $218,971,000. M&T Bank Corp increased its holdings in shares of VanEck Gold Miners ETF by 7,491.6% in the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock valued at $173,721,000 after purchasing an additional 1,998,748 shares during the period. Finally, Meitav Investment House Ltd. increased its holdings in shares of VanEck Gold Miners ETF by 68.6% in the 1st quarter. Meitav Investment House Ltd. now owns 1,211,200 shares of the exchange traded fund’s stock valued at $111,152,000 after purchasing an additional 493,000 shares during the period.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $75.02 on Friday. The firm has a market capitalization of $22.94 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The company has a 50 day simple moving average of $79.93 and a 200-day simple moving average of $91.31. VanEck Gold Miners ETF has a 52-week low of $51.37 and a 52-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 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.