Sequoia Financial Advisors LLC bought a new stake in VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,796 shares of the exchange traded fund’s stock, valued at approximately $225,000.

A number of other institutional investors also recently added to or reduced their stakes in GDX. Keybank National Association OH boosted its position in VanEck Vectors Gold Miners ETF by 2.0% in the first quarter. Keybank National Association OH now owns 51,000 shares of the exchange traded fund’s stock valued at $1,143,000 after buying an additional 1,000 shares in the last quarter. Farmers National Bank acquired a new position in shares of VanEck Vectors Gold Miners ETF during the first quarter worth $63,000. JPMorgan Chase & Co. lifted its holdings in shares of VanEck Vectors Gold Miners ETF by 157.0% during the first quarter. JPMorgan Chase & Co. now owns 11,344,570 shares of the exchange traded fund’s stock worth $254,346,000 after purchasing an additional 6,930,110 shares during the period. Geneva Partners LLC bought a new position in VanEck Vectors Gold Miners ETF during the first quarter worth $235,000. Finally, Cullen Frost Bankers Inc. bought a new position in VanEck Vectors Gold Miners ETF during the first quarter worth $63,000.

Shares of NYSEARCA GDX traded up $0.24 during mid-day trading on Wednesday, reaching $28.69. 1,558,394 shares of the company’s stock traded hands, compared to its average volume of 46,594,949. VanEck Vectors Gold Miners ETF has a 1-year low of $17.28 and a 1-year high of $30.00. The business has a 50-day moving average of $27.04.

VanEck Vectors Gold Miners ETF Company 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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