Pictet Asset Management Ltd. Lowers Stock Position in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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Pictet Asset Management Ltd. lessened its holdings in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) by 50.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 69,680 shares of the exchange traded fund’s stock after selling 70,395 shares during the period. Pictet Asset Management Ltd.’s holdings in VanEck Vectors Gold Miners ETF were worth $1,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of VanEck Vectors Gold Miners ETF by 6.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the exchange traded fund’s stock worth $169,000 after acquiring an additional 400 shares during the period. Silverleafe Capital Partners LLC increased its stake in shares of VanEck Vectors Gold Miners ETF by 2.0% in the second quarter. Silverleafe Capital Partners LLC now owns 23,923 shares of the exchange traded fund’s stock worth $611,000 after acquiring an additional 473 shares during the period. Edge Wealth Management LLC increased its stake in shares of VanEck Vectors Gold Miners ETF by 6.1% in the second quarter. Edge Wealth Management LLC now owns 8,725 shares of the exchange traded fund’s stock worth $222,000 after acquiring an additional 500 shares during the period. Advantage Investment Management LLC increased its stake in shares of VanEck Vectors Gold Miners ETF by 3.6% in the second quarter. Advantage Investment Management LLC now owns 14,861 shares of the exchange traded fund’s stock worth $380,000 after acquiring an additional 511 shares during the period. Finally, Bedel Financial Consulting Inc. increased its stake in shares of VanEck Vectors Gold Miners ETF by 27.1% in the second quarter. Bedel Financial Consulting Inc. now owns 2,475 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 528 shares during the period.

Shares of NYSEARCA:GDX traded up $0.34 during midday trading on Thursday, reaching $27.96. The company’s stock had a trading volume of 1,807,089 shares, compared to its average volume of 49,885,742. VanEck Vectors Gold Miners ETF has a twelve month low of $18.14 and a twelve month high of $30.96. The stock has a fifty day moving average of $28.76 and a 200 day moving average of $24.43.

VanEck Vectors 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.

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Institutional Ownership by Quarter for VanEck Vectors Gold Miners ETF (NYSEARCA:GDX)

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