Wellington Management Group LLP decreased its stake in VanEck Gold Miners ETF (NYSEARCA:GDX – Free Report) by 55.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,203 shares of the exchange traded fund’s stock after selling 188,081 shares during the quarter. Wellington Management Group LLP’s holdings in VanEck Gold Miners ETF were worth $5,981,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of GDX. Hennion & Walsh Asset Management Inc. grew its stake in shares of VanEck Gold Miners ETF by 4.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 19,606 shares of the exchange traded fund’s stock valued at $665,000 after buying an additional 899 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of VanEck Gold Miners ETF by 5.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 923,771 shares of the exchange traded fund’s stock worth $31,344,000 after purchasing an additional 49,523 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of VanEck Gold Miners ETF during the 2nd quarter worth $210,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of VanEck Gold Miners ETF in the 2nd quarter valued at $390,000. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of VanEck Gold Miners ETF by 4.6% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 9,100 shares of the exchange traded fund’s stock valued at $309,000 after purchasing an additional 400 shares during the last quarter.
VanEck Gold Miners ETF Price Performance
VanEck Gold Miners ETF stock opened at $36.42 on Tuesday. VanEck Gold Miners ETF has a one year low of $25.67 and a one year high of $44.22. The company’s fifty day moving average price is $38.97 and its two-hundred day moving average price is $37.76. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 28.03 and a beta of 0.85.
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.
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