VanEck Gold Miners ETF $GDX Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. trimmed its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,247 shares of the exchange traded fund’s stock after selling 8,515 shares during the period. Blume Capital Management Inc.’s holdings in VanEck Gold Miners ETF were worth $4,178,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GDX. American National Bank & Trust acquired a new position in VanEck Gold Miners ETF during the 2nd quarter worth approximately $68,000. Integrity Alliance LLC. purchased a new stake in shares of VanEck Gold Miners ETF during the 1st quarter worth $254,000. Banque Pictet & Cie SA grew its stake 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 worth $3,436,000 after purchasing an additional 1,000 shares in the last quarter. SeaBridge Investment Advisors LLC purchased a new position in VanEck Gold Miners ETF in the second quarter valued at $569,000. Finally, Modera Wealth Management LLC acquired a new stake in VanEck Gold Miners ETF in the first quarter valued at $404,000.

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA GDX opened at $72.79 on Wednesday. The business has a 50-day moving average of $69.67 and a two-hundred day moving average of $57.51. The company has a market capitalization of $21.36 billion, a price-to-earnings 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 $85.08.

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.