First American Trust FSB Decreases Stake in VanEck Gold Miners ETF (NYSEARCA:GDX)

First American Trust FSB lessened its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,493 shares of the exchange traded fund’s stock after selling 1,590 shares during the period. First American Trust FSB’s holdings in VanEck Gold Miners ETF were worth $525,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in VanEck Gold Miners ETF by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,527,798 shares of the exchange traded fund’s stock worth $379,397,000 after buying an additional 294,034 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of VanEck Gold Miners ETF by 1,116.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,144,108 shares of the exchange traded fund’s stock valued at $72,707,000 after acquiring an additional 1,967,832 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of VanEck Gold Miners ETF in the third quarter worth $76,065,000. Raymond James Financial Inc. purchased a new position in shares of VanEck Gold Miners ETF during the fourth quarter worth $64,425,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in VanEck Gold Miners ETF by 70.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,839,319 shares of the exchange traded fund’s stock valued at $73,242,000 after purchasing an additional 760,722 shares during the period.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $45.02 on Wednesday. The business’s 50-day moving average is $40.77 and its two-hundred day moving average is $39.11. The company has a market capitalization of $14.92 billion, a P/E ratio of 20.34 and a beta of 0.95. VanEck Gold Miners ETF has a fifty-two week low of $29.82 and a fifty-two week high of $45.65.

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.