JNBA Financial Advisors reduced its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,898 shares of the exchange traded fund’s stock after selling 206 shares during the period. JNBA Financial Advisors’ holdings in VanEck Gold Miners ETF were worth $776,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust bought a new position in VanEck Gold Miners ETF in the 2nd quarter worth about $68,000. Integrity Alliance LLC. bought a new position in VanEck Gold Miners ETF in the 1st quarter worth about $254,000. Banque Pictet & Cie SA grew its stake in VanEck Gold Miners ETF by 1.5% in the 2nd quarter. Banque Pictet & Cie SA now owns 66,000 shares of the exchange traded fund’s stock worth $3,436,000 after acquiring an additional 1,000 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in VanEck Gold Miners ETF in the 2nd quarter worth about $569,000. Finally, Modera Wealth Management LLC bought a new position in VanEck Gold Miners ETF in the 1st quarter worth about $404,000.
VanEck Gold Miners ETF Stock Performance
Shares of GDX opened at $75.78 on Friday. The company has a 50 day moving average price of $66.58 and a 200-day moving average price of $55.77. VanEck Gold Miners ETF has a fifty-two week low of $33.42 and a fifty-two week high of $79.49. The stock has a market capitalization of $22.13 billion, a PE ratio of 21.70 and a beta of 0.77.
About VanEck Gold Miners ETF
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.
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