Cetera Investment Advisers Lowers Stake in VanEck Gold Miners ETF $GDX

Cetera Investment Advisers lessened its stake in VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 725,375 shares of the exchange traded fund’s stock after selling 73,301 shares during the period. Cetera Investment Advisers owned about 0.24% of VanEck Gold Miners ETF worth $66,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of VanEck Gold Miners ETF by 106.2% in the first quarter. AQR Capital Management LLC now owns 24,088 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 12,408 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $31,236,000. Natixis lifted its stake in VanEck Gold Miners ETF by 196.1% during the 2nd quarter. Natixis now owns 26,748 shares of the exchange traded fund’s stock worth $1,393,000 after acquiring an additional 17,716 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in VanEck Gold Miners ETF by 194.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,387 shares of the exchange traded fund’s stock worth $1,894,000 after acquiring an additional 24,022 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at about $846,000.

VanEck Gold Miners ETF Price Performance

Shares of VanEck Gold Miners ETF stock opened at $75.23 on Friday. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 21.70 and a beta of 0.65. The business has a 50-day moving average of $79.68 and a 200 day moving average of $91.19. VanEck Gold Miners ETF has a 12 month low of $51.37 and a 12 month high of $117.18.

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.