Williams & Novak LLC Trims Stock Holdings in VanEck Gold Miners ETF $GDX

Williams & Novak LLC trimmed its holdings in VanEck Gold Miners ETF (NYSEARCA:GDX) by 31.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,455 shares of the exchange traded fund’s stock after selling 9,050 shares during the period. Williams & Novak LLC’s holdings in VanEck Gold Miners ETF were worth $1,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC raised its holdings in shares of VanEck Gold Miners ETF by 2.3% in the first quarter. LPL Financial LLC now owns 3,594,251 shares of the exchange traded fund’s stock worth $165,228,000 after buying an additional 80,785 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of VanEck Gold Miners ETF by 7,098.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,080,392 shares of the exchange traded fund’s stock worth $94,731,000 after buying an additional 2,051,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of VanEck Gold Miners ETF by 3,010.4% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,938,221 shares of the exchange traded fund’s stock worth $89,100,000 after buying an additional 1,875,906 shares during the period. National Bank of Canada FI raised its holdings in shares of VanEck Gold Miners ETF by 8,656.1% in the first quarter. National Bank of Canada FI now owns 1,376,192 shares of the exchange traded fund’s stock worth $63,264,000 after buying an additional 1,360,475 shares during the period. Finally, New Harbor Financial Group LLC grew its stake in VanEck Gold Miners ETF by 51.9% in the first quarter. New Harbor Financial Group LLC now owns 1,155,787 shares of the exchange traded fund’s stock worth $53,132,000 after purchasing an additional 394,744 shares in the last quarter.

VanEck Gold Miners ETF Stock Up 0.2%

Shares of NYSEARCA:GDX opened at $75.78 on Friday. VanEck Gold Miners ETF has a 52-week low of $33.42 and a 52-week high of $79.49. The stock has a market cap of $22.13 billion, a P/E ratio of 21.70 and a beta of 0.77. The business’s 50 day moving average is $66.58 and its 200 day moving average is $55.77.

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.