VanEck Gold Miners ETF $GDX Position Cut by Capital Wealth Alliance LLC

Capital Wealth Alliance LLC reduced its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 6.4% during the 2nd quarter, Holdings Channel reports. The fund owned 64,681 shares of the exchange traded fund’s stock after selling 4,440 shares during the quarter. VanEck Gold Miners ETF comprises 1.8% of Capital Wealth Alliance LLC’s portfolio, making the stock its 16th largest holding. Capital Wealth Alliance LLC’s holdings in VanEck Gold Miners ETF were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

VanEck Gold Miners ETF Price Performance

Shares of NYSEARCA:GDX opened at $72.95 on Thursday. The stock has a market cap of $21.41 billion, a price-to-earnings ratio of 21.70 and a beta of 0.77. VanEck Gold Miners ETF has a 12 month low of $33.42 and a 12 month high of $85.08. The stock’s 50 day moving average price is $69.97 and its 200 day moving average price is $57.62.

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.