VanEck Gold Miners ETF $GDX Holdings Cut by CMC Financial Group

CMC Financial Group reduced its position in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 25.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,187 shares of the exchange traded fund’s stock after selling 16,330 shares during the period. VanEck Gold Miners ETF accounts for about 8.5% of CMC Financial Group’s investment portfolio, making the stock its 5th largest position. CMC Financial Group’s holdings in VanEck Gold Miners ETF were worth $4,330,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new stake in VanEck Gold Miners ETF during the fourth quarter worth approximately $218,971,000. M&T Bank Corp lifted its stake in shares of VanEck Gold Miners ETF by 7,491.6% during the 4th quarter. M&T Bank Corp now owns 2,025,428 shares of the exchange traded fund’s stock worth $173,721,000 after purchasing an additional 1,998,748 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after purchasing an additional 1,503,884 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $101,981,000. Finally, Keystone Investors PTE Ltd. acquired a new stake in shares of VanEck Gold Miners ETF during the fourth quarter worth $57,449,000.

VanEck Gold Miners ETF Stock Up 4.9%

Shares of NYSEARCA:GDX opened at $74.19 on Wednesday. The company has a market cap of $22.66 billion, a P/E ratio of 21.70 and a beta of 0.65. VanEck Gold Miners ETF has a 52 week low of $51.37 and a 52 week high of $117.18. The business has a fifty day simple moving average of $80.70 and a 200-day simple moving average of $91.45.

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.