Nwam LLC Decreases Stake in VanEck Gold Miners ETF $GDX

Nwam LLC cut its holdings in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 9.7% in the 3rd quarter, Holdings Channel reports. The fund owned 153,208 shares of the exchange traded fund’s stock after selling 16,476 shares during the period. VanEck Gold Miners ETF accounts for about 0.8% of Nwam LLC’s investment portfolio, making the stock its 17th biggest position. Nwam LLC’s holdings in VanEck Gold Miners ETF were worth $11,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ethos Financial Group LLC bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter valued at about $309,000. American National Bank & Trust bought a new position in VanEck Gold Miners ETF during the 2nd quarter worth $68,000. Catalyst Funds Management Pty Ltd bought a new position in VanEck Gold Miners ETF during the 2nd quarter worth $10,277,000. Johnson Investment Counsel Inc. increased its position in VanEck Gold Miners ETF by 32.2% in the second quarter. Johnson Investment Counsel Inc. now owns 158,387 shares of the exchange traded fund’s stock worth $8,246,000 after buying an additional 38,615 shares during the period. Finally, Capital Markets Trading UK LLP bought a new stake in VanEck Gold Miners ETF in the second quarter valued at $3,604,000.

VanEck Gold Miners ETF Stock Performance

Shares of GDX opened at $97.11 on Friday. The firm has a fifty day moving average of $84.19 and a 200-day moving average of $71.27. The company has a market cap of $29.14 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 $36.12 and a 1 year high of $98.42.

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.