Welch & Forbes LLC Sells 2,185 Shares of VanEck Gold Miners ETF $GDX

Welch & Forbes LLC reduced its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,936 shares of the exchange traded fund’s stock after selling 2,185 shares during the quarter. Welch & Forbes LLC owned approximately 0.08% of VanEck Gold Miners ETF worth $12,491,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its position in VanEck Gold Miners ETF by 344.1% in the 1st quarter. Golden State Wealth Management LLC now owns 2,194 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 1,700 shares during the period. Pinnacle Financial Partners Inc bought a new stake in shares of VanEck Gold Miners ETF during the first quarter valued at approximately $204,000. Mutual Advisors LLC boosted its holdings in shares of VanEck Gold Miners ETF by 156.4% in the first quarter. Mutual Advisors LLC now owns 50,028 shares of the exchange traded fund’s stock valued at $2,442,000 after purchasing an additional 30,519 shares during the period. Brookstone Capital Management grew its stake in VanEck Gold Miners ETF by 108.3% in the first quarter. Brookstone Capital Management now owns 32,419 shares of the exchange traded fund’s stock worth $1,490,000 after purchasing an additional 16,857 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in VanEck Gold Miners ETF by 18.8% in the first quarter. Bank of New York Mellon Corp now owns 10,992 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 1,741 shares in the last quarter.

VanEck Gold Miners ETF Stock Down 1.2%

Shares of NYSEARCA GDX opened at $72.06 on Friday. VanEck Gold Miners ETF has a twelve month low of $33.42 and a twelve month high of $85.08. The firm has a market cap of $21.74 billion, a PE ratio of 21.70 and a beta of 0.55. The business has a fifty day simple moving average of $71.87 and a two-hundred day simple moving average of $59.07.

VanEck 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.