VanEck Gold Miners ETF $GDX Position Lowered by Whitcomb & Hess Inc.

Whitcomb & Hess Inc. trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 182,161 shares of the exchange traded fund’s stock after selling 43,101 shares during the period. VanEck Gold Miners ETF accounts for 3.6% of Whitcomb & Hess Inc.’s portfolio, making the stock its 9th largest holding. Whitcomb & Hess Inc. owned approximately 0.06% of VanEck Gold Miners ETF worth $13,917,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Rafferty Asset Management LLC grew its position in shares of VanEck Gold Miners ETF by 30.0% during the second quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock valued at $338,966,000 after purchasing an additional 1,503,884 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock valued at $207,091,000 after buying an additional 4,574,598 shares during the last quarter. Slate Path Capital LP purchased a new position in VanEck Gold Miners ETF during the 2nd quarter valued at approximately $123,070,000. Pureheart Capital Pte Ltd. grew its holdings in VanEck Gold Miners ETF by 1.4% during the 2nd quarter. Pureheart Capital Pte Ltd. now owns 1,339,000 shares of the exchange traded fund’s stock valued at $69,708,000 after buying an additional 19,000 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in VanEck Gold Miners ETF by 99.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock worth $67,990,000 after acquiring an additional 650,000 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

Shares of GDX opened at $87.79 on Friday. The stock has a market capitalization of $26.36 billion, a price-to-earnings ratio of 21.70 and a beta of 0.55. VanEck Gold Miners ETF has a 1 year low of $33.42 and a 1 year high of $88.69. The business’s 50 day simple moving average is $77.99 and its 200-day simple moving average is $66.25.

VanEck Gold Miners ETF 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.