VanEck Gold Miners ETF $GDX Position Reduced by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,422 shares of the exchange traded fund’s stock after selling 7,966 shares during the quarter. NewEdge Wealth LLC’s holdings in VanEck Gold Miners ETF were worth $7,472,000 at the end of the most recent reporting period.

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

VanEck Gold Miners ETF Trading Down 2.2%

Shares of GDX opened at $75.02 on Friday. The business’s 50-day moving average price is $79.93 and its 200 day moving average price is $91.31. The stock has a market capitalization of $22.94 billion, a P/E ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 1-year low of $51.37 and a 1-year 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.